BOK Capital Capital Limited is going to allot IPO of Adarsha Laghubitta Bittiya Sanstha Limited (ADARSHA) on Monday i.e Ashad 13 at 9 AM. The IPO allotment will take place at the premises of BOK Capital Market Limited, Govardhan Bhawan, Kathmandu.
The company opened its IPO issue of 62,615 units shares worth Rs. 62.61 lakhs to the general public from Ashad 01 till Ashad 05, 2079
Out of the offered 67,000 units; 0.5% of the issued capital i.e. 1,035 units were for the employees of the company and 5% of the total offered shares to the general public i.e. 3,350 units had been set aside for the mutual funds. The remaining 62,615 units were for the general public.
According to CDSC, 18,07,124 applicants had applied for a total of 2,02,50,980 units worth Rs. 2.02 Arba till last day. Thus, the IPO was oversubscribed by more than 323.42 times in terms of number of units through ordinary applicants as of the closing.
CARE Ratings Nepal Limited (CRNL) has assigned rating of ‘CARE-NP B+ (Is)’ to Adarsha Laghubitta Bittiya Sanstha Limited. Issuers with this rating are considered to have high risk of default regarding timely servicing of financial obligations.