Ace Development Bank Ltd, issue manager of initial public offering (IPO) of Mahakali Development Bank Ltd, has allocated 81,800 units of shares. The shares were open to the public from November 2-5 and 62,894 people, including 20 employees have applied for a total 67,92,390 units of shares. Around 4898 people have got shares of the bank from the allotment. Details of share allocation are available on Ace Bank's website or people can also get the result through sending their application via sms to 4242.
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