Last day to apply for the IPO of Samaj Laghubitta and Reliance Life Insurance; both company IPO is already oversubscribed

Mon, Aug 24, 2020 6:21 AM on IPO/FPO News, Latest,

Samaj Laghubitta Bittiya Sanshta Limited and Reliance Life Insurance Company Limited is closing the IPO issue to general public from today ie. Bhadra 8, 2077. Both the company IPO issue was opened since Bhadra 4, 2077. All the interested investors are requested to apply before banking hour today.

Samaj Laghubitta Bittiya Sanstha Limited is issuing 86,000 units worth Rs 86 lakh as Initial Public Offering to the general public. 

Out of the offered 86,000 units; 0.5% of the issued capital i.e. 1,000 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 4,300 units have been set aside for the mutual funds. The remaining 80,700 units are for the general public.

As per the issue manager Siddhartha Capital Limited, the issue has received approx 4,79,454 applications applying for a total of 1,01,88,670 units of shares worth Rs 1.01 Arba till 5.00 PM (Bhadra 7). This issue is already oversubscribed by more than 126 times and now it's obvious that allotment for 10 units will be done through the lottery.

Applications can be placed for a minimum of 10 units and a maximum of 5,000 units.

Likewise; Reliance Life Insurance Limited has been issuing 63,00,000 units worth Rs 63 crore as Initial Public Offering to the general public.

Out of the offered 63,00,000 units; 5% of the total offered shares to the general public i.e. 3,15,000 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 3,15,000 units have been set aside for the mutual funds. The remaining 56,70,000 units are for the general public.

As per the issue manager Sanima Capital Limited, the issue has received approx 5,03,802 applications applying for a total of 2,04,14,190 units of shares worth Rs 2.04 Arba till 4.0 PM  (Bhadra 7). This issue is already oversubscribed by 3.6 times.

Applications can be placed for a minimum of 10 units and a maximum of 63,000 units.