Nadep Laghubitta allots its 4.80 lakh unit IPO; 43,200 applicants to be allotted out of 2.18 lakh valid applicants
Wed, Jul 4, 2018 4:32 AM on IPO/FPO News, Stock Market, Latest,
Nadep Laghubitta Bittiya Sanstha Limited’s IPO allotment is being made today. The allotment is being made in the premises of Nabil Investment Banking Limited. Only 20% applicants will be receiving the IPO of the company.
From the total of 2,19,091 applicants the application of 474 applicants were deemed invalid. So the allotment will be made to 2,18,617 valid applicants only.
The microfinance company had issued 4.80 lakh unit IPO in total. Out of which, 24,000 units are floated for the employees of the company, 24,000 for the mutual funds while the remaining 4.32 lakh units have been floated for the general public.
Nabil Investment Banking has been appointed as the issue manager for the IPO issuance.
The applications was made for a total number of 99,01,130 unit shares out of which valid applications was made for 98,74,000 unit shares.
After the allotment of the shares, the paid-up capital of the company will reach Rs 16 crore with the promoters and public holding in the ratio of 70:30.
To know the result of the IPO click here.
