IPO of NIC Asia Laghbubitta oversubscribed by 5.16 times, collected 4,12,332 applicants

NIC Asia Laghubitta Bittiya Sanstha Limited has been issuing 47,55,000 units ordinary shares worth Rs 47.55 crore to the general public from Ashad 10, 2077. The closing date of this IPO issue is today i.e. Ashad 14, 2077 till 5:00 PM.

Out of the offered 47,55,000 units; 0.5% of issue capital i.e. 74,000 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 2,37,750 units have been set aside for the mutual funds. The remaining 44,43,200 units are for the general public.

As per the issue manager Sanima Capital Limited, the issue has received approx 4,12,332 applications applying for a total of 2,29,68,870 units (approx) of shares worth Rs 2.29 Arba till 5 PM of the closing day. The issue has been oversubscribed by almost 5.16 times till now. And as per the issue manager, the number is expected to rise from few ASBA member Banks.

Applications could be placed for a minimum of 10 units and a maximum of 2,00,000 units.