IPO allotment of Manusi Laghubitta Bittiya Sanstha concludes
August 23, 2021 01:30 PM NPT
KATHMANDU, August 23: The IPO allotment of Manusi Laghubitta Bittiya Sanstha (MLBS) is concluded on Monday. The shares of the MLBS were allotted by Nepal SBI Merchant Banking limited (NSMBL) earlier today through a lottery.
The company had opened its IPO from August 11 to August 15 in which over 2.3 million people applied. According to the NSMBL, as many as 7,043 applications were rejected. The remaining applications were included in the lottery for distribution.
As many as 36,859 applicants received 10 units of shares each while three others received 11 units each through a lucky draw, according to a press statement issued by the Nepal SBI Merchant. The remaining applicants did not receive any shares.
The company had issued and sold shares of Rs 39.3 million at the rate of Rs 100. With this, the company’s capital has reached Rs 109.3 million after issuing the IPO.
The IPO results can be viewed online from MeroShare and the Nepal SBI Merchant Banking Limited’s official website.