IPO allotment of Ghodighoda Laghubitta concludes; lucky 12,459 investors get 10 units each and remaining 2,73,106 applicants return empty hand

The IPO of Ghodighoda Laghubitta Bittiya Sanstha Limited is allotted today i.e. Ashadh 27, 2076 at the premises of Prabhu Capital Limited, Kamaladi, Kathmandu.

Ghodighoda Laghubitta Bittiya Sanstha Limited had closed the issue of 1,32,600 units ordinary shares worth Rs 1.32 crore to the general public on Ashad 24, 2076.

Out of the offered 1,32,600 units; 0.5% of issue capital i.e. 1,380 units have been allotted for the employees of the company and 5% of total offered share to general public i.e. 6,630 units have been allotted for the mutual funds. The remaining 1,24,590 units are for the general public.

The issue had received applications from 2,85,565 valid applicants who had applied for a total of 48,40,220 units. The issue was oversubscribed by more than 38.85 times.

As per the allotment module, total 12,459 applicants were allotted 10 units each via lottery and remaining 2,73,106 applicants were returned empty hand. The total 490 applicants who applied for 8,590 units were invalid.

The staffs and mutual funds were allotted 1,380 units and 6,630 units respectively.

The IPO result can be accessed by sharesansar.com- IPO result page soon.

The CEO of the company Mr Kunna Narayan Chaudhari said "We are in our province and we intend to focus there but we don't know what the Monetary policy will bring, so we are waiting for that. However we are talking with Samata, Mirmire and Unique Nepal Microfinances and based on the outcome of Monetary policy we will move ahead".

The paid-up capital will reach Rs 2.76 crore after the issuance of the public shares. After the IPO issue; public holding will be 48% and promoters holding will be 52%.

The company registered office is in Belauri, Kanchanpur and its third quarter net worth per share is Rs 99.51.