Laxmi Laghubitta Bittiya Sanstha distributing share certificates from today

Fri, Sep 5, 2014 12:00 AM on Share Certificate,
ShareSansar, September 5: Laxmi Laghubitta Bittiya Sansthan Ltd has said that it will begin the share certificate distribution to its ordinary shareholders from today. According to the notice published today, the investors to whom the shares have been allotted can collect their share certificate from the collection center where they had submitted their IPO forms. The Nabil Investment Banking Ltd—the issue manager—said that the allotment advice along with the authorized identity card which can prove the identity of the investor was mandatory to collect the share certificate. The allotment of the company’s IPO was held on August 6. Those who had applied up to 1,050 units have fallen under lottery while it was flatly allotted to those applying for more than that 0.9 percent. The IPO worth Rs 3 crore floated on June 24 had drawn more than 2.57 arba. The microfinance institution based in Kathmandu had floated 3 lakh primary shares at a face value of Rs 100. It has altogether set aside 15,000 units for the mutual funds and 9,000 units for its staff.