IPO Allotment Today: Jalpa Samudayik Laghubitta Awarding 48,790 Lucky Applicants With 10 Units

Prabhu Capital is conducting the IPO allotment of Jalpa Samudayik Laghubitta today. The allotment will be done at the premises of the issue manager today, i.e. Falgun 01, starting at 5 pm.

Jalpa Samudayik Laghubitta Bittiya Sanstha Limited recently closed the IPO issue for 5,22,000 shares. The issue had opened from 21st Magh. It concluded at the early closing date, i.e. on 25th Magh, 2078 since the issue was oversubscribed on the first day itself.

The company had submitted an application to SEBON requesting to issue 32.625% of its issued capital in the form of an IPO. SEBON approved the application on January 24. Prabhu Capital was appointed the issue manager for the proposed IPO issue.

The company has a total of 16 lakh registered shares of which 5.22 lakh shares have been issued in the upcoming IPO. Thus, the IPO will raise a total of Rs. 5.22 crores in paid-up capital. 0.5% of the issue, i.e. 8,000 units were set aside for the employees of the company and 5%, i.e. 26,100 units to mutual funds. The remaining 4,87,900 units were purely for individual investors.

According to the issue manager Prabhu Capital, 27,06,767 applicants applied for a total of 3,31,13,300 shares. Thus, the issue was oversubscribed 67.86 times. Looking at the data, it seems that only 1 in 55 applicants have the probability of being allotted 10 units.

ICRA Nepal Limited had assigned the [ICRANP-IR] BB rating to the IPO of Jalpa Samudayik Laghubitta Bittiya Sanstha Limited. Issuers with this rating are considered to have a moderate risk regarding timely servicing of financial obligations, in Nepal.