IPO of Manakamana Smart Laghubitta Oversubscribed 58.51 Times; IPO Closes Tomorrow

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

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.

NMB Capital is the issue manager. According to the issue manager, 16,12,901 applicants have applied for a total of 2,12,70,030 units. This is the data as of 11 am today. Thus, the issue is already oversubscribed more than 58.51 times.

Applications can be placed for a minimum of 10 units and a maximum of 1,000 units. After the IPO issue, public holding will be 32.11% and promoters holding will be 67.89%.