Swadeshi Laghubitta IPO allotment concludes; up to 1,120 units decided through lottery, others allotted 0.835% on pro-rata basis
Sun, May 21, 2017 9:16 AM on Latest, IPO/FPO News, IPO/FPO Result News, Featured, Share Allotment, Stock Market,
NMB Capital Limited, the issue manager for the IPO of Swadeshi Laghubitta Bittiya Sanstha Limited has concluded allotment of 3 lakh units IPO shares of the microfinance company today at NMB Capital Limited, Nagpokhari, Kathmandu at 8:30 AM.
Allotment for investors who had applied from Rs 5,000 (or 50 units) to Rs 1,12,000(or 1,120 units) were decided through lottery and those who got the shares through lottery were allotted 10 shares each. Remaining investors who had applied from Rs 1,13,000 (1,130 units) to Rs 1,50,000 (or 1,500 units) were allotted 0.835% on pro-rata basis. Applicants who had applied for 1,500 units got 12 units on pro-rata basis.
Out of the total 90,816 valid applicants, only 25,030 got the shares. A total of 2,73,000 unit shares were allotted to the general public. Staffs were allotted 12,000 units shares and the mutual funds were allotted 15,000 units shares.
There were 1,206 invalid applicants.
The shares set aside for retail investors (who had applied from 50 units to 500 units) was oversubscribed by 119.09 times and those set aside for Other category (who had applied from 510 units to 1,500 units) was oversubscribed by 119.75 times.
Overall, the issue had collected Rs 3.26 arba from 91,422 applicants.
Individual lottery results can be checked at ShareSansar's IPO Result section later today.
Itahari-based Swadeshi Laghubitta had initiated microfinance operations from December 24, 2014. It has earned a net profit of Rs 2.17 crore till the end of third quarter of the FY 2073/74 After the IPO, the paid up capital of the microfinance company has reached Rs 10 crore from the current Rs 7 crore. Its authorized capital stands at Rs 20 crore.
After the IPO, the promoter-public shareholding ratio of the company has also been restructured to 70% to 30%.
Refunds from Jestha 12
As per NMB Capital, the non-allottees will be refunded their money from coming Friday i.e. Jestha 12, 2074. Complete list of banks and financial institutions where the issue manager will provide direct transfer to the non-allottees' accounts will be published later.
Out of the total 90,816 valid applicants, only 25,030 got the shares. A total of 2,73,000 unit shares were allotted to the general public. Staffs were allotted 12,000 units shares and the mutual funds were allotted 15,000 units shares.
There were 1,206 invalid applicants.
The shares set aside for retail investors (who had applied from 50 units to 500 units) was oversubscribed by 119.09 times and those set aside for Other category (who had applied from 510 units to 1,500 units) was oversubscribed by 119.75 times.
Overall, the issue had collected Rs 3.26 arba from 91,422 applicants.
Individual lottery results can be checked at ShareSansar's IPO Result section later today.
Itahari-based Swadeshi Laghubitta had initiated microfinance operations from December 24, 2014. It has earned a net profit of Rs 2.17 crore till the end of third quarter of the FY 2073/74 After the IPO, the paid up capital of the microfinance company has reached Rs 10 crore from the current Rs 7 crore. Its authorized capital stands at Rs 20 crore.
After the IPO, the promoter-public shareholding ratio of the company has also been restructured to 70% to 30%.
Refunds from Jestha 12
As per NMB Capital, the non-allottees will be refunded their money from coming Friday i.e. Jestha 12, 2074. Complete list of banks and financial institutions where the issue manager will provide direct transfer to the non-allottees' accounts will be published later.
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