IPO Shares Listed: What is the Opening Range for First Transaction of Manakamana Smart Laghubitta?

Sun, Aug 1, 2021 2:17 PM on IPO/FPO News, Share Listed, Latest,

12,11,500 shares of Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) are now listed in NEPSE.

The company had issued 3,89,000 units worth Rs 3.89 crore as Initial Public Offering to the general public from (Ashad 17-21, 2078). Out of the offered 3,89,000 units; 0.5% of the issued capital i.e. 6,058 units were set aside for the employees of the company and 5% for the mutual funds. The remaining 3,63,492 units were for the general public.

The issue had received applications from 19,51,521 valid applicants who had applied for a total of 2,50,95,370 units. The issue was oversubscribed more than 69.03 times. As per the allotment module, a total of 36,349 applicants were allotted 10 units each via lottery, and two luck applicants get 1 unit extra, and the remaining 19,15,172 applicants were returned empty hands. A total of 6,058 units were allotted to 79 staff of the company and 19,450 units were allotted to 13 mutual funds.

After the issuance of 3,89,000 units worth Rs 3.89 crore IPO shares the general public i.e 32.11% of total capital which will together raise its paid-up capital to Rs 12.11 crore and the promoter/public ratio will be 67.89:32.11.

The open range is set from Rs. 110.84 to Rs. 332.52 for the first transaction.