Ghodighoda Laghubitta IPO oversubscribed by more than 37 times; 2.89 Lakh applications received

Tue, Jul 9, 2019 5:12 PM on IPO/FPO News, Latest,

Ghodighoda Laghubitta Bittiya Sanstha Limited has closed the issue of 1,32,600 units ordinary shares worth Rs 1.32 crore to the general public from today (Ashad 24, 2076).

According to the issue manager, a total of 2 lakh 89 thousand 147 applications have been received applying for 49 lakh 56 thousand 630 unit shares till today. The issue is already oversubscribed by 37.40 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.

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.