REPUBLICA, Dec 15: NIBL Ace Capital, the issue manager for the Initial Public Offering (IPO) issuance of Chautari Laghubitta Bittiya Sanstha Ltd, has successfully concluded the allotment of 600,000 shares on Friday. A statement issued by the organization on Friday stated that out of 600,000 units of share, 9,300 units were allotted to its own employees; 30,000 units were allotted to mutual fund; and 560,700 units were allotted to the general public through a lottery. The company issued 600,000 units of share from December 5 to 9. The issue was oversubscribed by 30.6 times as 273,192 applicants had applied for 17,153,770 units. After the IPO issuance, the company has raised the paid-up capital to Rs186 million from existing Rs 126 million.
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