Jeevan Bikas Laghubitta allots IPO; lucky 1,84,801 investors get 10 units each

KATHMANDU: Jeevan Bikas Laghubitta Bittiya Sanstha Limited had issued 19,77,300 units worth Rs 19.77 crore as Initial Public Offering to the general public from (Ashad 11-15, 2078).

Out of the offered 19,77,300 units; 0.5% of the issued capital i.e. 30,420 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 98,865 units have been set aside for the mutual funds. The remaining 18,48,015 units are for the general public.

The issue had received applications from 20,18,308 valid applicants who had applied for a total of 2,97,74,360 units. The issue was oversubscribed more than 16.11 times.

As per the allotment module, a total of 1,84,801 applicants were allotted 10 units each via lottery and five luck applicants get 1 unit extra; and the remaining 18,33,507 applicants were returned empty hands.

A total of 30,420 units were allotted to 763 staff of the company and 98,865 units were allotted to 13 mutual funds.

In total 3,471 applicants who applied for 54,240 units were disqualified.

After the issuance of 19,77,300 units worth Rs 19.77 crore IPO shares the general public i.e 32.50% of total capital which will together raise its paid-up capital to Rs 60.84 crore and the promoter/public ratio will be 67.50:32.50.


Fiscal Nepal |
Wednesday July 7, 2021, 11:32:32 AM |

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