IPO of Manakamana Smart Laghubitta Oversubscribed 21.93 Times on First Day Itself

Manakamana Smart Laghubitta Sanstha Limited has issued 3,89,000 units of ordinary shares worth Rs. 3.89 crores to the general public from today, i.e. Ashad 17, 2078. The issue will close on Ashad 21, 2078, since it is already oversubscribed on the first day itself.

Out of offered 389,000 units; 0.5% of issue capital i.e., 6,058 units have been allocated for the employees of the company, and 5% of the total offered to the general public i.e., 19,450 units have been allocated for mutual funds. The remaining 3,63,492 units are for the general public.

According to CDSC, 5,89,812 applicants have applied for a total of 79,72,820 units. This is the data as of 5: 10 pm today. Thus, the issue is already oversubscribed more than 21.93 times on the first day itself.

Applications can be placed for a minimum of 10 units and a maximum of 1,000 units. NMB Capital Limited has been appointed as the issue manager for the IPO issuance. After the IPO issue, public holding will be 32.11% and promoters holding will be 67.89%.