Sabaiko Laghubitta IPO receives 1.73 Lakh applicants till today; issue oversubscribed by more than 6 times

Sabaiko Laghubitta Bittiya Sanstha Limited is issuing 5,30,000 units ordinary shares worth Rs 5.30 crore to the general public from Shrawan 1, 2076. The early closing date of this IPO issue is on Shrawan 5, 2076 and if the issue is not subscribed till Shrawan 5 then this issue can be extended up to Shrawan 30, 2076.

Out of the offered 5,30,000 units; 0.5% of issue capital i.e. 8,250 units have been set-aside for the employees of the company and 5% of total offered share to general public i.e. 26,500 units have been set-aside for the mutual funds. The remaining 4,95,250 units are for the general public.

As per the issue manager, the issue has received 173,550 applicants applying for a total of 3,207,070 units till today. The issue has been oversubscribed by 6.48 times on the second day.

 Applications can be place for minimum 10 units and maximum 2,000 units. NIBL Ace Capital Limited has been appointed as the issue manager for the IPO issuance.