Announcement: IPO Allotment of Jeevan Bikas Laghubitta Streamed Live on Sharesansar's FB Page

Wed, Jul 7, 2021 7:44 AM on IPO/FPO News, Latest,

Sharesansar will stream the IPO allotment of Jeevan Bikas Laghubitta live on Facebook. The program is scheduled today at the premises of the issue manager NMB Capital. The allotment program will commence at 9: 30 am.

Jeevan Bikas Laghubitta Bittiya Sanstha Limited closed the IPO issue for 19,77,300 units worth Rs 19.77 crore on June 29.

Out of the offered 19,77,300 units; 0.5% of the total capital i.e. 30,420 units were set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 98,865 units were set aside for the mutual funds. The remaining 18,48,015 units were for the general public.

NMB Capital Limited is the issue manager for the IPO issuance. According to CDSC, 20,87,388 applicants applied for a total of 3,13,24,090 units. Thus, the issue is oversubscribed 16.95 times. Note that some applications may be invalidated during verification. Furthermore, this has become the issue to have received the highest number of applicants as of now. The previous record was broken by Jyoti Life Insurance with 17.97 lakh applicants during the final reporting time.

The issue manager did not stream the allotment live for technical reasons, so our representative will stream the program live from our Facebook page.

After the issuance of 19,77,300 units worth Rs. 19.77 crore IPO shares, the paid-up capital will scale to Rs 60.84 crore, and the promoter/public ratio will be 67.50:32.50.