IPO allotment of Gurans Laghubitta concludes; lucky 23,363 investors get 10 units each and remaining 2,78,033 applicants return empty hand

Thu, May 9, 2019 9:50 AM on IPO/FPO News, Latest, Share Allotment,

The IPO of Gurans Laghubitta Bittiya Sanstha Limited is allotted today i.e. Baisakh 26, 2076 at the premises of NIBL Ace Capital Limited.

Gurans Laghubitta Laghubitta Bittiya Sanstha Limited had issued 2,50,000 units ordinary shares worth Rs 2.5 crore to the general public from  Baisakh 16-20, 2076. 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.

The issue had received applications from 3,01,396 valid applicants who had applied for a total of 55,45,450 units. The issue was oversubscribed by more than 23.73 times.

As per the allotment module, total 23,363 applicants were allotted 10 units each via lottery and remaining 2,78,033 applicants were returned empty hand. 

The total 642 applicants who applied for 3,02,038 units were invalid.

The total 3,870 units were allotted to the staff of the company and 12,500 units allotted to mutual funds.

The IPO result can be accessed by sharesansar.com- IPO result page.

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.