NIC Asia Laghubitta Bittiya Sanstha Limited IPO allotment to be concluded tomorrow i.e. 4th July at the premises of Sanima Capital Limited at 9.30 AM.
The company has informed that the general public is restricted in the allotment venue and the allotment process will be streamed live on the Sanima Capital Facebook page.
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The allotment process is done 1 day prior to the stipulated time. This is done in the interest of the larger public as it would help in the release of funds sooner enabling the investors to apply for the 2 upcoming IPOs next week. Also, allotment finalization would involve the CDSC server as well, and having it done on Sunday would burden the server hampering the application process of Sadhana Laghubitta for the public as we all are aware of the system issues in case of the massive load.
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 on Thursday. 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.