IPO of Rastra Utthan Laghubitta oversubscribed 18.85 times

KATHMANDU: Rastra Utthan Laghubitta Bittiya Sanstha Limited has opened the IPO issue for 8,50,000 shares worth Rs 8.5 crore from yesterday, i.e. Falgun 4. The early closing date of this issue is on Falgun 8. Since the issue has already been oversubscribed by now, it will close at the early closing date.

Out of the offered 8,50,000 units; 0.5% of the issued capital i.e. 13,000 units have been set aside for the employees of the company and 5%, i.e. 42,500 units for mutual funds. The remaining 7,94,500 units are for the general public.

NIBL ACE Capital Limited has been appointed as the issue manager for the IPO issuance. Applications can be placed for a minimum of 10 units and a maximum of 1,000 units.