Mahila Laghubitta Allots IPO

Feb 26, 2021 10:30 AM Merolagani

Mahila Laghubitta Bittiya Sanstha has allotted its recently issued IPO on the morning of February 26 in the premises of Nepal SBI Merchant Banking, the issue manager of the company.

As per the capital,  a total of 37,500 applicants were provided 10 units of shares through the lottery.

The IPO drew a total of 1,540,035 applications seeking 23,747,590 units of shares.

Given that the IPO was oversubscribed, the allotment was done as per the Securities Issuance and Allotment Directive.

Mahila Laghubitta issued 400,000 units of primary shares worth Rs 40 million from February 12-17.

Out of the total offered shares, the company allocated 0.5 percent of issued capital totaling 5,000 units to employees. Similarly, it allocated 5 percent of the remaining units i.e. 20,000 units to mutual fund units. The general public could apply for the remaining 375,000 units of shares.

The paid-up capital of the company has reached Rs 100 million after the IPO.

The result can be viewed through meroshare and website of issuer company and issue manager.

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