Dhaulagiri Laghubittas' IPO Will be Allotted Only On Wednesday

The shares issued by Dhaulagiri Laghubitta Bittiya Sanstha Limited (DLBS)  Limited from 24th to 29th of Shrawan will be allotted on 8th Bhadra. The allotment of shares will be held on Wednesday morning at the office of issue manager Sunrise Capital in Kamalpokhari.

Even though the capital completed the pre-allotment work on Sunday, it has stated that it will only be prepared to allot the shares on Wednesday since there is still a few works to be done. It will be disbursed on Monday, according to an earlier announcement from Capital.

The company opened its IPO issue of 3,31,000 units shares worth Rs. 3.31 crores to the general public from Shrawan 24 till Shrawan 29, 2079

Out of the offered 3,31,000 units; 0.5% of the total capital i.e. 5,155 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 16,550 units have been set aside for the mutual funds. The remaining 3,09,295 units were for the general public. This is the 32.105% shares of the issued capital.

According to CDSC, 17,60,835 applicants had applied for a total of 1,96,63,810 units worth Rs. 1.96 Arba till last day. Thus, the IPO was oversubscribed by more than 63.30 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 BB- (Is)’ [Double B Minus (Issuer)] to Dhaulagiri Laghubitta Bittiya Sanstha Limited (DLBS). Issuers with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.