As per the issue manager, the issue was oversubscribed by 14 times. A total of 300,413 applicants had applied for 5,241,660 units of shares. Among the applications, 579 applicants seeking 8,940 units of shares were canceled due to faulty application.
Out of 300,413 applicants, merely 37,500 applicants were provided 10 units of shares through a lottery as per Securities Issuance and Allotment Directive. It is merely 12.48 percent of the total applicants.
Adhikhola Laghubitta issued 400,000 units of primary shares worth Rs 40 million to the general public. Out of the total offered shares, the company allocated 5,000 units to employees and 20,000 units to mutual funds. The general public was issued the remaining 375,000 units of shares.
After the IPO issuance, the paid-up capital of the company has reached Rs 100 million while its promoter and ordinary share ratio is readjusted to 60:40.
