IPO of Jeevan Bikas Laghubitta Closing Tomorrow; IPO Has Received Record Breaking Volume of Applicants Already

Jeevan Bikas Laghubitta Bittiya Sanstha Limited has issued 19,77,300 units worth Rs 19.77 crore as Initial Public Offering to the general public from Ashad 11. Since the issue is way oversubscribed, the IPO will close tomorrow, i.e. on Ashad 15.

Out of the offered 19,77,300 units; 0.5% of the total capital i.e. 30,420 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 98,865 units have been set aside for the mutual funds. The remaining 18,48,015 units are for the general public.

NMB Capital Limited has been appointed as the issue manager for the IPO issuance. According to the issue manager, 18,47,051 applicants have applied for a total of 2,79,08,960 units. This is the data as of 5: 30 pm today. Thus, the issue is already oversubscribed 15.1 times. Furthermore, this is also the issue to have received the highest number of applicants as of now. The previous record was broken by Jyoti Life Insurance with 17.97 lakh applicants during the final reporting time. The IPO of Jeevan Bikas Laghubitta still has an entire day left for application. 

Applications can be placed for a minimum of 10 units and a maximum of 1,000 units. After the issuance of 19,77,300 units worth Rs. 19.77 crore IPO shares, the paid-up capital will scale to Rs 60.84 crore, and the promoter/public ratio will be 67.50:32.50.