IPO Closing Alert! Khaptad Laghubitta Closing 1,32,000 units IPO Shares Issue to General Public from Today

Khaptad Laghubitta Bittiya Sanstha Limited (KHLBSL) is closing 1,32,000 units worth Rs 1.32 crore as an Initial Public Offering issue to the general public from today Bhadra 12. This IPO issue was opened on Bhadra 8.

Out of the offered 1,32,000 units; 1.5151% of the total offered shares to the general public i.e. 2000 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 6,600 units have been set aside for the mutual funds. The remaining 1,23,400 units are for the general public.

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

Applications can be placed for a minimum of 10 units and a maximum of 1,320 units.

According to CDSC; 11,84,826 applicants have applied for a total of 1,32,46,580 units. Thus, the issue is already oversubscribed by 107.34 times so far.

After the issuance of 1,32,000 units worth Rs, 1.32 crore IPO shares the general public i.e 33% of total capital will together raise its paid-up capital to Rs 4 crore and the promoter/public ratio will be 67:33.

Khaptad Laghubitta Bittiya Sanstha came into existence in September 2019 and started its operations from July 2020 with licence to operate in the Sudurpaschim Province. KLBSL is promoted by a development bank, Shine Resunga Development Bank Limited (5.6%), an asset management company I Capital Private Limited (7.46%) and 60 individual promoters. Mr. Suresh Bahadur Bam is the Chief Executive Officer of the company. The registered and corporate office of KLBSL is in Godawari-1 Kailali, Nepal.

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