IPO Allotment on Friday: Upakar Laghubitta Rewarding 22,115 Applicants

The IPO allotment of Upakar Laghubitta Bittiya Sanstha Limited will take place this Friday, i.e. Baisakh 09, 2079. The allotment program will be held on the premises of the issue manager Nepal SBI Merchant Banking, starting at 8 am that day.

The company issued its IPO from Chaitra 25 to Chaitra 30. The company has a total of 6,56,250 registered shares of which 2,36,250 shares were issued in the upcoming IPO. Thus, the IPO will raise a total of Rs. 2,36,25,000 in paid-up capital. Of the total public issue, 0.5%, i.e. 3,281 shares were reserved for employees while 5%, i.e. 11,813 shares for mutual funds. The remaining 2,21,156 shares were for the individual public.

According to CDSC, 24,31,170 applicants applied for a total of 2,75,65,230 units. This is the data as of 5: 02 pm on the day that the issue closed. Thus, the issue has been oversubscribed over 124.64 times.

Looking at the data, it is apparent that only 22,115 lucky applicants will get ownership of the company. Only 1 in 110 applicants will get the shares.