NIC Asia Laghubitta gets its 1.48 crore unit shares listed with NEPSE; Open price range set at Rs 110.43 to Rs 331.29

Wed, Jul 8, 2020 1:21 PM on Share Listed, IPO/FPO News, Latest,

NIC Asia Laghubitta Bittiya Sanstha Limited 1,48,00,000 units IPO shares have been listed in Nepal Stock Exchange Limited (NEPSE) for trading.

The Open Price Range is set as Rs 110.43 to Rs. 331.29 for the First Transactions as per the notice published by NEPSE. NIC Asia Capital Limited is the share registrar of this company. 

Earlier, the company had issued 44,43,200 units IPO shares worth Rs 44.43 crore to the general public from Ashad 10 to Ashad 14, 2077. And the allotment of the issue was held on Ashad 20 by its issue manager Sanima Capital Limited in its premises. 

In total of 3,99,131 applicants were received for 21,612,860 units of shares till the IPO closing day of this company. Out of 3,99,131 applicants, 3,97,741 valid applicants were received. 

All the valid applicants were received 10 units and lucky 46,579 applicants gets 10 units extra i.e. 20 units in total.

The issue was oversubscribed by 4.88 times. The number of invalid applicants stood at 1,390.

The company has set an example to be able to list its shares in NEPSE within 2 weeks of its IPO opening date. As per the notice published in NEPSE website, the trading of this company will commence as NICLBSL code from tomorrow i.e. Ashad 25 onwards.