Vijaya Laghubitta IPO allotment concludes; Below Rs 81,000 thru lottery

ShareSansar May 27:

Vijaya Laghubitta Bittiya Sansatha Limited has concluded its IPO allotment today at the premises of issue manager Growmore Merchant Banker Limited at Durbarmarg, Kathmandu. ShareSansar will publish the full IPO result on its website soon.

Allotment for investors who had applied for shares worth Rs 80,000 or below was decided through lottery. Likewise, investors who applied for shares more than Rs 80,000 were allotted 1.15% of the money they had invested.

Vijaya Laghubitta Bittiya Sansatha Limited had floated its Initial Public Offering (IPO) of 4,20,000 kitta shares from Chaitra 18. The offer closed on Chaitra 22.

Of the total 3,86,400 shares set aside for public, 40%, or 1,54,560 shares, were put aside for retail investors and 60%, or 2,31,840 shares, under “other investor” category. Retail investors applied for a total of 1,73,27,090 unit shares and those in the others category demanded 1,54,29,710 kittas.

The shares set aside for retail investors was oversubscribed 112.11 times and those set aside under other category were oversubscribed 66.55 times.

Of the total shares, the company had set aside 12,600 kittas for its employees. Likewise, 21,000 shares set aside for mutual funds were allotted to Nabil Balance Fund-1 (4,200 kittas), Siddhartha Growth Scheme-1 (1,400 kittas), Siddhartha Equity Oriental Scheme (2,800 kittas), NMB Sulav Fund-1 (4,200 kittas), NIBL Growth Fund-1 (4,200 kittas), and Laxmi Value Fund-1 (4,200 kittas).