Record 4 lakh 47 thousand applicants collected for IPO of Sadhana Laghbubitta in 4 days; oversubscribed by 16.44 times

Sadhana Laghubitta Bittiya Sanstha Limited has been issuing 7,07,800 units ordinary shares worth Rs 7.07 crore to the general public from Ashad 21, 2077. In case of oversubscription, the early closing date of this IPO issue is Ashad 24, 2077 i.e. till today.  

Out of the offered 7,07,800 units; 0.5% of issue capital i.e. 10,890 units have been set aside for the employees of the company and 5% of total offered shares to the general public i.e. 35,390 units have been set aside for the mutual funds. The remaining 6,61,520 units are for the general public.

As per the issue manager Global IME Capital Limited, the issue has received approx 4,47,123 applications applying for a total of 1,08,79,830 units of shares till 5 PM today. The issue has been oversubscribed by almost 16.44 times in four days of the IPO closing day. 

This is the highest applicants ever received for any IPO for the general public in the history of the IPO issue.

Applications could be placed for a minimum of 10 units and a maximum of 1,000 units.