IPO of Sadhana Laghubitta oversubscribed by 13.40 times, more than 3.63 lakh applicants received in 3 days

Sadhana Laghubitta Bittiya Sanstha Limited is issuing 7,07,800 units ordinary shares worth Rs 7.07 crore to the general public from Ashad 21, 2077. The early closing date of this IPO issue is on Ashad 24, 2077 and if the issue is not subscribed till Ashad 24 then this issue can be extended up to Shrawan 4, 2077. But in this case the last day will be tomorrow, since the issue is oversubscribed already by many times. 

Out of the offered 7,07,800 units; 0.5% of issue capital i.e. 10,890 units have been set aside for the employees of the company and 5% of total offered shares to the general public i.e. 35,390 units have been set aside for the mutual funds. The remaining 6,61,520 units are for the general public.

As per the issue manager Global IME Capital Limited, the issue has received approx 3,63,352 applications applying for a total of 88,64,830 units of shares till 5 PM today. The issue has been oversubscribed by almost 13.40 times in three days of the IPO issue. Tomorrow is the last day to apply for this IPO. 

Applications can be placed for a minimum of 10 units and a maximum of 1,000 units.