Aatmanirbhar Laghubitta IPO Allotment To Be Concluded On Sunday; 16,975 Applicants Get 10 Units Each

Fri, Mar 10, 2023 10:43 AM on Latest, IPO/FPO News, Share Allotment,

The IPO allotment of Aatmanirbhar Laghubitta Bittiya Sanstha Limited will take place this Sunday, i.e. on 21st Falgun, 2079. The allotment program will be held on the premises of the issue manager, Sunrise Capital Limited, Kamalpokhari.

The company issued 169,755 units of shares of Rs 100 face value as an Initial Public Offering worth Rs 1.69 crore to the general public from the 11th Falgun till the 15th Falgun. Out of the total 203,380 units; 10% i.e. 20,388 units were allocated for Nepalese citizens working abroad, whereas 1.5326% i.e 3,117 units were set aside for the employees of the company, and 5% of the total offered shares i.e. 10,170 units were set aside for the mutual funds. The remaining 169,755 units were for the general public.

According to data presented by CDSC, the issue has received approx 16,13,562 applications applying for a total of 1,78,49,330 units of shares till the last day. Thus, the IPO was oversubscribed by 105.14 times in terms of the number of units through ordinary applicants as of the closing day.

Looking at the data, it is apparent that only 16,975 lucky applicants will get ownership of the company.

CARE Ratings Nepal Limited (CRNL) has assigned a rating of ‘CARE-NP B+ (Is)’ [Single B Plus (Issuer)] to Aatmanirbhar Laghubitta Bittiya Sanstha Limited. Issuers with this rating are considered to have a high risk of default regarding the timely servicing of financial obligations.