Aviyan Laghubitta (AVI) IPO Collects Rs 2.31 Arba Till Last Day; IPO Oversubscribed by More Than 23.77 Times

Aviyan Laghubitta Bittiya Sanstha Limited (AVI) had issued 9,75,000 units shares worth Rs. 9.75 crores shares to the general public as a part of their Initial Public Offering (IPO) from Shrawan 18 till Shrawan 22, 2079.

Out of the offered 9,75,000 units; 0.5% of the total capital i.e. 12,500 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 48,750 units have been set aside for the mutual funds. The remaining 9,13,750 units were for the general public. This is the 39% shares of the issued capital. The total capital after the IPO will be Rs 25 crore of the company.

Applications could be placed for a minimum of 10 units and a maximum of 3000 units. Muktinath Capital Limited was appointed as the issue manager for the IPO issuance.

According data presented by CDSC, 20,49,721 applicants have applied for a total of 2,31,85,440 units worth Rs. 2.31 Arba. Thus, the IPO was oversubscribed by more than 23.77 times in terms of number of units through ordinary applicants as of the closing day.