IPO of Janasewi and Swabhimaan Laghubitta oversubscribed on the first day itself; See how many people applied for each

Fri, May 10, 2019 4:16 PM on IPO/FPO News, Latest, Stock Market,
IPO of Jan...

Janasewi Laghubitta Bittiya Sanstha Limited is issuing 4,63,300 units ordinary shares worth Rs 4.63 crore to the general public from today (Baisakh 27, 2076). The early closing date of this IPO issue is on Baisakh 31, 2076.

Out of the offered 4,63,300 units; 7,145 units have been kept for the employees of the company and 23,165 units have been kept for the mutual funds. The remaining 4,32,990 units are for the general public. Applications can be place for minimum 10 units and maximum 1000 units. Application can be placed from the financial institutions providing C-ASBA facility or through Meroshare.

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

As of the first day, a total of 60,332 applicants have applied for 10 lakh 86 thousand 200 unit shares. The issue is already oversubscribed by more than 2 times on the first day.

The microfinance institution currently has issued capital of Rs 14.43 crore and paid up value of Rs 9.8 crore. After the issuance of the IPO shares, the paid up value will scale up to Rs 14.43 crore.

Similarly, Swabhimaan Laghubitta Bittiya Sanstha Limited is also issuing 1,98,610 units ordinary shares worth Rs 1.98 crore to the general public from today (Baisakh 27, 2076). The early closing date of this IPO issue is on Baisakh 31, 2076.

Out of the offered 1,98,610 units; 3,093 units (0.5% of issued capital) have been kept for the employees of the company and 9,930 units (5% of total units allocated for the general public) have been kept for the mutual funds. The remaining 1,85,587 units are for the general public.

Applications can be placed for a minimum of 10 units and a maximum of 5000 units. The application can be placed from the financial institutions providing C-ASBA facility or through Meroshare.

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

As of the first day, a total of 57,966 applicants have applied for 10 lakh 55 thousand 360 units. The issue has been oversubscribed on the first day itself.

After the IPO is issued, the paid up capital of the Rupandehi based microfinance company will be Rs.6.18 Crore.