IPO of Ghodighoda Laghubitta receives application for 24.58 lakh units; Issue already oversubscribed by more than 18 times
Sun, Jul 7, 2019 5:17 PM on IPO/FPO News, Stock Market, Featured,
Ghodighoda Laghubitta Bittiya Sanstha Limited is issuing 1,32,600 units ordinary shares worth Rs 1.32 crore to the general public from today (Ashad 20, 2076). The early closing date of this IPO issue is on Ashad 24, 2076 and if the issue is not subscribed till Ashad 24 then this issue can be extended upto Shrawan 19, 2076.
Prabhu Capital Limited has been appointed as the issue manager for the IPO issuance.
According to the issue manager, a total of 1 lakh 35 thousand 775 applications have been received applying for 24 lakh 58 thousand 250 unit shares. The issue is already oversubscribed by more than 18 times.
Out of the offered 1,32,600 units; 0.5% of issue capital i.e. 1,380 units have been allotted for the employees of the company and 5% of total offered share to general public i.e. 6,630 units have been allotted for the mutual funds. The remaining 1,24,590 units are for the general public.
Applications can be place for minimum 10 units and maximum 1,000 units.
The paid-up capital will reach Rs 2.76 crore after the issuance of the public shares. After the IPO issue; public holding will be 48% and promoters holding will be 52%.
The company registered office is in Belauri, Kanchanpur and its third quarter net worth per share is Rs 99.51.
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