First Business News Portal in English from Nepal
KATHMANDU: Jeevan Bikas Laghubitta Bittiya Sanstha Limited is closing 19,77,300 units worth Rs 190.7 million as IPO to the general public from today.
NMB Capital Limited has been appointed as the issue manager for the IPO issuance. According to the issue manager, 19,46,735 applicants have applied for a total of 2,93,21,000 units and the issue is already oversubscribed 15.86 times.
This is also the issue to have received the highest number of applicants as of now. The previous record was broken by Jyoti Life Insurance with 1.79 million applicants during the final reporting time.
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