IPO of Gurans Laghubitta to be allotted tomorrow at 10 AM; Issue over subscribed by more than 22 times

Wed, May 8, 2019 3:05 PM on IPO/FPO News, Latest, Stock Market,
IPO of Gur...

Gurans Laghubitta Bittiya Sanstha Limited had issued 2,50,000 units ordinary shares worth Rs 2.50 crore to the general public from Baisakh 20, 2076. This issue was opened since Baisakh 16, 2076.

As per issue manager NIBL Ace Capital, 308,000 applicants have applied for 5,719,000 units till the closing, oversubscribing the issue by 22.88 times. However, this data is unverified and includes invalid applicants as well. The allotment will be done tomorrow (Baisakh 26, 2076) at 10 AM inside the premises of NIBL Ace Capital.

Out of the offered 2,50,000 units; 3,875 units (0.5% of issued capital) have been allotted for the employees of the company and 12,500 units (5% of total units allocated for general public) have been allotted for the mutual funds. The remaining 2,33,625 units are for the general public.

The microfinance institution currently has issued capital of Rs 7.75 crore and paid up value of Rs 5.25 crore. After the issuance of the IPO shares, the paid up value will scale up to Rs 7.75 crore.