Janautthan IPO allotment concludes; allotment through lottery to all applicants

ShareSansar, April 13:  

Janautthan Samudayic Laghubitta Bikas Bank Limited concluded its IPO allotment today. Sharesansar will publish the full IPO result on its website soon.

Given the high number of applicants, allocation on pro rata basis was not possible so the allotment was made through lottery system.

Of the total 82,800 shares set aside for public, 40% or 33,120 shares were put aside for retail investors and 60% or 49,680 shares under “other investor” category.   

Retail investors applied for a total of 1,15,04,070 unit shares and those in the other category demanded 1,69,66,480 kittas.

The shares set aside for retail investors was oversubscribed 347.35 times and those set aside under other category were oversubscribed 341.52 times.  

Since the allotment took place through lottery, all investors were eligible for a minimum of 10 shares.