How Many Have Applied for Public Issue of "Aatmanirbhar Laghubitta Bittiya Sanstha" So Far?

CDS & Clearing Limited (CDSC) has reported the data of public IPO collection of Aatmanirbhar Laghubitta Bittiya Sanstha Limited as of 10 am today i.e Falgun 12.

The company has been issuing 1,69,755 unit shares of Rs 100 face value as Initial Public Offering to the general public from 11th Falgun, 2079. The company intends to collect Rs 1.69 crore from this IPO. The early closing date of this issue is on 15th Falgun and if the issue is not fully subscribed, it can be extended up to 25th Falgun, 2079.

Out of the total 203,380 units; 10% i.e. 20,388 units were allocated for Nepalese citizens working abroad, whereas 1.5326% i.e 3,117 units have been set aside for the employees of the company, and 5% of the total offered shares i.e. 10,170 units have been set aside for the mutual funds. The remaining 1,69,755 units are for the general public.

Sunrise Capital is appointed as the issue manager for the IPO issuance. Interested investors can apply for a minimum of 10 shares to a maximum of 1000 shares.

According to CDSC, 616,043 applicants have applied for a total of 69,86,460 units. Thus, the issue is already oversubscribed by 41.15 times so far.

CARE Ratings Nepal Limited (CRNL) has assigned a rating of ‘CARE-NP B+ (Is)’ [Single B Plus (Issuer)] to Aatmanirbhar Laghubitta Bittiya Sanstha Limited. Issuers with this rating are considered to have a high risk of default regarding the timely servicing of financial obligations.