FPO Allotment of Unique Nepal Laghubitta Bittiya Sanstha Concludes; 37,942 Applicants Out Of 13,55,687 Gets 10 Units
Thu, Jun 8, 2023 9:29 AM on IPO/FPO Result News, Latest,
The FPO allotment of Unique Nepal Laghubitta Bittiya Sanstha Limited (UNLB) is concluded today at the premises of Muktinath Capital, Naxal, Kathmandu.
Unique Nepal Laghubitta Bittiya Sanstha Limited (UNLB) had issued 3,79,425 units worth Rs 3.79 crores as Further Public Offering (FPO) to the general public (Jestha 11- 16, 2080).
The current paid-up capital of the company is Rs. 11.06 crores of which 94.01% of shares or 10,40,025 units are of the promoter shareholders in the company while 5.99% or 66,300 units shares are of the public shareholders. However, according to the Banks and Financial Institutions Act of 2073 and the NRB, at least 30% of the issued capital should be retained by public shareholders in order for that the company will be issuing 3,79,425 units of FPO shares to the general public.
At present, the promoter: public share structure is a 94: 6 ratio, which after this FPO will be a 70: 30 ratio.
The issue had received applications from 13,55,687 valid applicants who had applied for a total of 15,410,160 units. The issue was oversubscribed by more than 40.66 times.
As per the allotment module, a total of 37,942 applicants were allotted 10 units each via lottery and 5 lucky applicants got 1 unit extra and the remaining 13,17,745 applicants were returned with empty hands.
In total 1,493 applicants who applied for 17,370 units were disqualified.
Allotment Module:
The IPO result can be accessed by CDSC IPO Result, MeroShare, and Muktinath Capital Limited.
