IPO Allotment of Dhaulagiri Laghubitta Bittiya Sanstha Concludes; 1 in Every 60 Applicants to Be Allotted with 10 Units

The IPO allotment of Dhaulagiri Laghubitta Bittiya Sanstha Limited (DLBS) is concluded today at the premises of Sunrise Capital Limited, Kamalpokhari, Kathmandu.

Dhaulagiri Laghubitta Bittiya Sanstha Limited (DLBS) had issued 3,31,000 units worth Rs 3.31 crore as Initial Public Offering to the general public (Shrawan 24- 29, 2079). 

Out of the offered 3,31,000 units; 0.5% of the total offered shares to the general public 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 are for the general public. This is the 32.105% shares of the issued capital.

The issue had received applications from 18,64,640 valid applicants who had applied for a total of 2,04,61,840 units. The issue was oversubscribed by more than 66.15 times. 

As per the allotment module, a total of 30,929 applicants were allotted 10 units each via lottery, and lucky 5 applicants were allotted 1 unit extra and the remaining 18,33,711 applicants were returned with empty hands. 

A total of 5,155 units were allotted to employees and 16,550 units were allotted to mutual funds.

In total 1,286 applicants who applied for 14,140 units were disqualified due to duplicate applications. 

Allotment Module:

The IPO result can be accessed by CDSC IPO Result, MeroShare, and Sunrise Capital. 

CARE Ratings Nepal Limited (CRNL) has assigned the 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 a moderate risk of default regarding timely servicing of financial obligations.

Dhaulagiri Laghubitta Bittiya Sanstha Limited (DLBS) is a “D” class National Level microfinance institution. It was incorporated on July 03, 2018, and commenced operations in February 2019. It is primarily engaged in providing microfinance loans based on the Joint Liability Group (JLG) model with each group consisting of minimum of five members.