Bhaktapur Finance IPO allotment concludes; 28% shares to all the investors 

ShareSansar June 11:

Bhaktapur Finance Company Limited has concluded its IPO allotment today at the premises of its issue manager NMB Capital Limited, NMB Bhawan, Babar Mahal Kathmandu.

Of the total 6,97,500 shares set aside for public, 40%, or 2,79,000 shares were put aside for retail investors (i.e. Rs. 50,000 and below investors) and 60%, or 4,18,500 shares, under “other investor” category (i.e. Above Rs. 50,000 investors). Retail investors applied for a total of 1,126,410 unit shares and those in the others category demanded 13,64,730 kittas.

In total there were 6,396 applicants in the retail investors category and just 738 in the Others or Big investors category for this issue. Also, 12 staffs of the company were allotted 15,000 units of shares. And only 3 mutual fund schemes had applied for 37,500 units which were allotted to them successfully.
All the investors who have applied were allotted 28% of the money they had invested on a pro rata basis. The IPO was oversubscribed by 3.57 times.

Bhaktapur Finance went public with 7,50,000 unit shares of RS 100 face value, as part of its IPO on Baishak 9, 2072. The offer closed on Baishakh 23, 2072.

The finance company has a paid up capital of Rs 12 crore and 50 lakhs which will reach to Rs 20 crore after the IPO. Following the IPO, the promoter-public ratio will stand at 62.50% to 37.50%.

ShareSansar.com will be publishing the IPO result soon in its website.