Samaj Laghubitta Bittiya Sanstha's IPO closes with 5,64,138 applications; Issue Oversubscribed by 148.56 times

Mon, Aug 24, 2020 4:32 PM on Latest, IPO/FPO News,

Samaj Laghubitta Bittiya Sanstha Limited has closed its IPO issue of 86,000 units worth Rs 86 lakh. The IPO was open for application from Bhadra 04.

Out of the offered 86,000 units; 0.5% of the issued capital i.e. 1,000 units were set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 4,300 units were set aside for the mutual funds. The remaining 80,700 units were open for the general public.

As per the issue manager Siddhartha Capital Limited, the issue has received approx 5,64,138 applications applying for a total of 1,19,89,080 units of shares worth Rs 1.19 Arba till 5.00 PM today (Bhadra 8). This issue is already oversubscribed by more than 148.56 times and now it's obvious that allotment for 10 units will be done through the lottery.