Shrijanshil Laghubitta (SHLBSL) IPO Collects Rs 2.10 Arba Till Last Day; IPO Oversubscribed by More Than 53.40 Times

Shrijanshil Laghubitta Bittiya Sanstha Limited (SHLBSL) had issued 3,93,750 units shares worth Rs. 3.93 crores shares to the general public as a part of their Initial Public Offering (IPO) from Bhadra 15 till Bhadra 19, 2079.

Out of the total issue; 0.5% of the total shares i.e 5,470 unit shares have been allocated to the employees of the company, whereas 5% of the IPO shares i.e 19,690 unit shares are reserved for the different mutual fund schemes. The remaining 3,68,590 unit shares are for the general public.

Sunrise Capital Limited was appointed as the issue manager for the IPO issuance. Interested people were required to apply for a minimum of 10 units and they can apply for a maximum of 1000 shares.

According data presented by CDSC, 19,11,241 applicants have applied for a total of 2,10,27,030 units worth Rs. 2.10 Arba. Thus, the IPO was oversubscribed by more than 53.40 times in terms of number of units through ordinary applicants as of the closing day.