IPO Shares of Jeevan Bikas Laghubitta Listed in NEPSE; What is the Opening Range?

Wed, Jul 28, 2021 2:36 PM on IPO/FPO News, Share Listed, Latest,

60,84,000 shares of Jeevan Bikas Laghubitta Bittiya Sanstha Limited are now listed in NEPSE.

The company had issued 19,77,300 units worth Rs 19.77 crore as Initial Public Offering to the general public from Ashad 11 to Ashad 15, 2078. Out of the offered 19,77,300 units; 0.5% of the issued capital i.e. 30,420 units were set aside for the employees of the company and 5% for the mutual funds. The remaining 18,48,015 units are were for the general public.

The public issue units and the promoter shares are now listed in NEPSE. The opening range is set at Rs. 305.27 to Rs. 915.81 for the ordinary shares.

The issue had received applications from 20,18,308 valid applicants who had applied for a total of 2,97,74,360 units. The issue was oversubscribed more than 16.11 times. As per the allotment module, a total of 1,84,801 applicants were allotted 10 units each via lottery and five luck applicants got 1 unit extra; and the remaining 18,33,507 applicants returned empty hands. A total of 30,420 units were allotted to 763 staff of the company and 98,865 units were allotted to 13 mutual funds.

After the issuance of 19,77,300 units worth Rs. 19.77 crore IPO shares, the paid-up capital has scaled to Rs 60.84 crore and the promoter/public ratio is now 67.50:32.50.