Nepal Life Insurance Co. Ltd.’s FPO has collected almost Rs 52 arba from around 2.5 lakh applicants. This makes it the highest collected public issue in the history of Nepal.
As per the data received by ShareSansar, the issue has collected over Rs 36.74 arba from 1.42 lakh applicants in the fourth day (yesterday) only. This takes the total collected amount to around Rs 51.87 arba from 2.46 lakh applicants.
| Date |
Collection Amount (Rs) |
No. of Applicants |
| Poush 27, 2073 |
3.12 arba |
22,000 |
| Poush 28, 2073 |
4.58 arba |
36,000 |
| Poush 29, 2073 |
7.43 arba |
46,000 |
| Magh 2, 2073 |
36.74 arba |
142,000 |
| TOTAL |
51.87 arba |
246,000 |
The FPO has thus been oversubscribed by 11.76 times. Since the number of applicants has crossed over 2 lakh, the allotment will now be done within 60 days. Non-allottees will receive their money from the 65th day.
