Ann: Becoming a substantial holder, page-5

I thought the IPO at last F1-A filing was looking at allocating 65m shares? Does this mean that they are doing 175m and it's oversubscribed i.e we are on track to raise $75m???

Or is this just the full allotted amount for filing sake if needed?
Or is this just the current directors holdings as a requirement for the listing?

@thevinnys tagging you in here for some clarification please!