6,56,250 Units IPO Shares of Upakar Laghubitta (ULBSL) Listed in NEPSE; What's the Opening Range?

6,56,250 units IPO shares of Upakar Laghubitta Bittiya Sanstha Limited (ULBSL) have been listed in NEPSE. This includes the shares held by promoters and the quantity issued to the general public.

Out of total 6,56,250 units shares worth Rs. 6.56 crores, 36% i.e 2,36,250 units worth Rs 2.36 crore had been issued as Initial Public Offering to the general public from (Chaitra 25-29, 2078). Out of the offered 2,36,250 units; 0.5% of the issued capital i.e. 3,281 units were set aside for the employees of the company and 5% for mutual funds. The remaining 2,21,156 units were for the general public. Whereas, 64% which equates to 4,20,000 unit shares was issued by promoter shareholders.

The issue had received applications from 23,49,056 valid applicants who had applied for a total of 2,62,30,930 units. The issue was oversubscribed more than 118.60 times. As per the allotment module, a total of 22,115 applicants were allotted 10 units each via lottery, and six luck applicants get 1 unit extra, and the remaining 23,26,941 applicants returned empty hands. A total of 3,281 units were allotted to the staff of the company and 11,813 units were allotted to the mutual fund's scheme. In total 2,406 applicants who applied for 26,720 units were disqualified.

The opening range for the first transaction is Rs. 403.91 to Rs. 1211.73. If the company signs the agreement with NEPSE today i.e 12th Jestha, the IPO shares will trade in the secondary market from the next day.