Gurans Laghubitta IPO already oversubscribed by 12.55 times on 2nd day; issue to be closed on Baisakh 20

Gurans Laghubitta Bittiya Sanstha Limited is issuing 2,50,000 units ordinary shares worth Rs 2.50 crore to the general public from Baisakh 16, 2076. The early closing date of this IPO issue is on Baisakh 20, 2076.

As per issue manager NIBL Ace Capital, 1,54,200 applicants have applied for 2,934,000 units till second day, oversubscribing the issue by 12.55 times.

Out of the offered 2,50,000 units; 3,875 units (0.5% of issued capital) have been allotted for the employees of the company and 12,500 units (5% of total units allocated for general public) have been allotted for the mutual funds. The remaining 2,33,625 units are for the general public.

Applications can be place for minimum 10 units and maximum 500 units. Application can be placed from the financial institutions providing C-ASBA facility or through Meroshare.

The microfinance institution currently has issued capital of Rs 7.75  crore and paid up value of Rs 5.25 crore. After the issuance of the IPO shares, the paid up value  will scale up to Rs 7.75 crore.