IPO Shares of Manushi Laghubitta Listed in NEPSE; What's the Opening Range?

Sun, Sep 26, 2021 2:07 PM on IPO/FPO News, Share Listed, Latest,

10,93,750 shares of Manushi Laghubitta Bittiya Sanstha Limited (MLBS) are now listed in NEPSE. This includes the shares held by promoters and the quantity issued to the general public.

Manushi Laghubitta Bittiya Sanstha Limited had issued 3,93,750 units worth Rs 3.93 crore as Initial Public Offering to the general public from (Shrawan 27-31, 2078). Out of the offered 3,93,750 units; 0.5% of the issued capital i.e. 5,469 units were set aside for the employees of the company and 5% for mutual funds. The remaining 3,68,593 units were for the general public.

The issue had received applications from 23,54,784 valid applicants who had applied for a total of 2,95,74,750 units. The issue was oversubscribed more than 80.23 times. As per the allotment module, a total of 36,859 applicants were allotted 10 units each via lottery, and three luck applicants get 1 unit extra, and the remaining 23,17,925 applicants returned empty hands. A total of 5,469 units were allotted to the staff of the company and 19,688 units were allotted to the mutual fund's scheme.

The opening range for the first transaction is Rs.132.69 to Rs. 398.07. If the first transaction is made within this range in the pre-opening session tomorrow, the IPO shares will trade in the secondary market from tomorrow itself.