IPO Closed: Public Issue of Manakamana Smart Laghubitta Oversubscribed More Than 73 Times

The IPO issue of Manakamana Smart Laghubitta Sanstha Limited has successfully concluded yesterday. The company had issued 3,89,000 units of ordinary shares worth Rs. 3.89 crores to the general public from Ashad 17, 2078. The issue closed yesterday, i.e. on Ashad 21, 2078, at the end of banking hours.

Out of offered 389,000 units; 0.5% of issue capital i.e., 6,058 units were allocated for the employees of the company, and 5% for mutual funds. The remaining 3,63,492 units were for the general public.

NMB Capital is the issue manager. According to the issue manager, 20,36,245 applicants have applied for a total of 2,65,74,050 units. This is the data after the issue closed yesterday. Thus, the issue is oversubscribed more than 73 times.

After the IPO issue, public holding will be 32.11% and promoters holding will be 67.89%.