IPO allotment of Infinity Laghubitta concludes; lucky 62,993 investors get 10 units each and remaining 2,66,086 applicants return empty hand

The IPO of Infinity Laghubitta Bittiya Sanstha Limited is allotted today i.e. Jestha 22, 2076 at the premises of Civil Capital Market Limited.

Infinity Laghubitta Laghubitta Bittiya Sanstha Limited had issued 6,74,300 units ordinary shares worth Rs 6.74 crore to the general public from  Jestha 13-16, 2076. Out of the offered 6,74,00 units; 10,370 units have been allotted for the employees of the company and 33,700 units (5% of total units allocated for general public) have been allotted for the mutual funds. The remaining 6,29,930 units are for the general public.

The issue had received applications from 3,29,079 valid applicants who had applied for a total of 69,29,910 units. The issue was oversubscribed by more than 11 times.

As per the allotment module, total 62,993 applicants were allotted 10 units each via lottery and remaining 2,66,086 applicants were returned empty hand.

The total 627 applicants who applied for 17,240 units were invalid.

The total 10,370 units were allotted to the staff of the company and 33,700 units allotted to mutual funds.

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

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

After the IPO issue, company paid up capital will be Rs 20.74 crore and promoter and public shareholding ratio will be 67.50:32.50