IPO of Jeevan Bikas Laghubitta Oversubscribed 13.95 Times; Issue Closes Tomorrow

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, 17,02,279 applicants have applied for a total of 2,57,86,110 units. This is the data as of 10: 40 am today. Thus, the issue is already oversubscribed 13.95 times.

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.