Ghodighoda Laghubitta closing IPO issue from today; the public issue already oversubscribed by 30 times

Ghodighoda Laghubitta Bittiya Sanstha Limited is closing the issue of 1,32,600 units ordinary shares worth Rs 1.32 crore to the general public from today (Ashad 24, 2076). The interest investors can apply till 5 PM today.

According to the issue manager, a total of 2 lakh 13 thousand 800 applications have been received applying for 37 lakh 51 thousand unit shares. The issue is already oversubscribed by more than 30.10 times. 

Out of the offered 1,32,600 units; 0.5% of issue capital i.e. 1,380 units have been allotted for the employees of the company and 5% of total offered share to general public i.e. 6,630 units have been allotted for the mutual funds. The remaining 1,24,590 units are for the general public.

Applications can be place for minimum 10 units and maximum 1,000 units.

Prabhu Capital Limited has been appointed as the issue manager for the IPO issuance.

The paid-up capital will reach Rs 2.76 crore after the issuance of the public shares. After the IPO issue; public holding will be 48% and promoters holding will be 52%.

The company registered office is in Belauri, Kanchanpur and its third quarter net worth per share is Rs 99.51.