Know the chances of getting 10 unit shares in Janasewi and Swabhimaan Laghubitta; huge demand seen in both IPO

  • -ShareSansar
Wed, May 15, 2019 6:57 AM on IPO/FPO News, Latest, Stock Market,
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Janasewi Laghubitta Bittiya Sanstha Limited has issued 4,63,300 units ordinary shares worth Rs 4.63 crore to the general public from Baisakh 27-31, 2076. 

Out of the offered 4,63,300 units; 7,145 units have been kept for the employees of the company and 23,165 units have been kept for the mutual funds. The remaining 4,32,990 units are for the general public. Applications can be place for minimum 10 units and maximum 1000 units. Application can be placed from the financial institutions providing C-ASBA facility or through Meroshare.

As per the issue manager NMB Capital, a total of 3,36,800 applicants have applied for 61 lakh 62 thousand shares. The issue is oversubscribed by 14.23 times till last day.

Here, the total 43,299 applicants out of 3,36,800 applicants will get 10 unit each shares. This means out of 7.7 applicants (approx.) one applicant will get 10 units.

Similarly, Swabhimaan Laghubitta Bittiya Sanstha Limited has also issued 1,98,610 units ordinary shares worth Rs 1.98 crore to the general public from Baisakh 27-31, 2076. 

Out of the offered 1,98,610 units; 3,093 units (0.5% of issued capital) have been kept for the employees of the company and 9,930 units (5% of total units allocated for the general public) have been kept for the mutual funds. The remaining 1,85,587 units are for the general public.

Siddhartha Capital Limited has been appointed as the issue manager for the IPO issuance.

As per the latest data, a total of 3,29,590 applicants have applied for 62 lakhs units. The issue is oversubscribed by 33.40 times till last day.

Here, the total 18,559 applicants out of 3,29,590 applicants will get 10 unit each shares. This means out of 17.75 applicants (approx.) one applicant will get 10 units.

(Note: Final data might be slightly differ once the valid number of applicants are finalized)