As per Laxmi Capital, issue manager of the company, the IPO will be allotted in the premises of its office at New Baneshwor on April 3 at 8.30 AM.
As per the latest data, a total of 2,157,560 applicants have applied for 25,940,560 units of shares worth Rs 2.59 billion. The issue has been oversubscribed by 9.03 times.
Given that the issue is oversubscribed, it will be allotted as per Securities Issuance and Allotment Guidelines.
Thus, only 287,500 applicants will be provided 10 units of shares through lottery.
The company issued 3,125,000 units of ordinary shares at a face value of Rs 100 from March 22-25. Out of the total offered units, the company allocated 3 percent i.e. 93,750 units of shares to employees and 5 percent i.e. 156,250 units of shares to mutual funds. The general public could apply for the remaining 2,875,000 units of shares.
