NIC Asia Laghubitta IPO allotment to be concluded on Sunday; all valid applicants to get 10 units and lucky 46,579 applicants to get 10 units extra thru lottery

Fri, Jul 3, 2020 6:45 AM on IPO/FPO News, Stock Market, Featured,

NIC Asia Laghubitta Bittiya Sanstha Limited had issued 47,55,000 units ordinary shares worth Rs 47.55 crore to the general public from Ashad 10, 2077. The closing date was on Ashad 14, 2077.

Out of the offered 47,55,000 units; 0.5% of issue capital i.e. 74,000 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 2,37,750 units have been set aside for the mutual funds. The remaining 44,43,200 units are for the general public.

As per the issue manager Sanima Capital Limited, the issue has received valid 3,97,741 applications. The pre-allotment for the IPO issue was already done and the final allotment will be concluded on Sunday unless advised otherwise by the Regulator.

As per the valid number of the application; now it's confirmed that all applicants i.e 3,97,741 applicants get 10 units and lucky 46,579 applicants will get 10 units extra thru the lottery.