IPO Allotment of Rastra Utthan Laghubitta on Thursday, 79,450 Lucky Applicants to Get 10 Units Each

The IPO allotment of Rastra Utthan Laghubitta Bittiya Sanstha Limited will be conducted tomorrow, i.e. Falgun 12, Thursday. The program will commence at the premises of the issue manager NIBL Ace Capital starting at 3 pm.

The company recently concluded the IPO issue for 8,50,000 shares worth Rs 8.5 crores. The issue was open from Falgun 4. Since the issue was already oversubscribed on the first day itself, it closed at the early closing date, i.e. Falgun 08.

Out of the offered 8,50,000 units; 0.5% of the issued capital i.e. 13,000 units have been set aside for the employees of the company and 5%, i.e. 42,500 units for mutual funds. The remaining 7,94,500 units were for the general public.

According to CDSC, 26,26,090 applicants have applied for a total of 3,04,31,370 units. This is the data reported after the issue closed at 5 pm on the last day. Thus, the issue has been oversubscribed over 38.30 times.

After the issuance of the IPO which is 32.69% of the total capital, the paid-up capital of the company will scale to Rs. 26 crores and the promoter/public ratio will be 67.31: 32.69.