Ipo
Upakar Laghubitta Rewarding 22,115 Applicants in IPO Allotment on Friday
This Friday, Baisakh 09, 2079, Upakar Laghubitta Bittiya Sanstha Limited will have its first public offering (IPO). The allocation program will begin at 8 a.m. on the premises of the issue manager, Nepal SBI Merchant Banking.
From Chaitra 25 to Chaitra 30, the firm had an initial public offering (IPO). The firm has a total of 6,56,250 registered shares, of which 2,36,250 will be issued in the impending initial public offering. As a result, the first public offering would raise a total of Rs. 2,36,25,000 in paid-up capital. Employees received 0.5 percent of the entire public offering, or 3,281 shares, while mutual funds received 5%, or 11,813 shares. The remaining 2,21,156 shares were allocated to members of the general public.
According to the CDSC, a total of 24,31,170 people applied for 2,75,65,230 units. This is the information as of 5:02 p.m. on the day the issue was resolved. As a result, the issue was oversubscribed 124.64 times.
Based on the facts, it appears that just 22,115 people will be awarded ownership of the firm. Only one out of every 110 candidates will be chosen for the shares.
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