As per issue manager Civil Capital Market, the IPO will be allotted to 62,993 applicants at a rate of 10 shares per applicant.
The issue manager informed that a total of 332,975 applicants have applied for 6,843,000 units of shares worth Rs 684.3 million. The issue has been oversubscribed by 11.86 times.
Out of the total offered shares, the company has allocated 33,700 units to mutual fund and 10,370 units to employees. The general public could apply for the remaining 639,930 units of shares.
Care Ratings Nepal has assigned Grade 4 to the IPO indicating below average fundamentals.
