IPO Allotment of Khaptad Laghubitta Bittiya Sanstha Concludes; 1 in Every 144 Applicants to Be Allotted with 10 Units

The IPO allotment of Khaptad Laghubitta Bittiya Sanstha Limited (KHLBSL) is concluded today at the premises of Prabhu Capital Limited, Kathmandu.

Khaptad Laghubitta Bittiya Sanstha Limited (KHLBSL) had issued 1,32,000 units worth Rs 1.32 crore as Initial Public Offering to the general public (Bhadra 8- 12, 2079). 

Out of the offered 1,32,000 units; 1.5151% of the total offered shares to the general public i.e. 2000 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 6,600 units have been set aside for the mutual funds. The remaining 1,23,400 units are for the general public.

After the issuance of 1,32,000 units worth Rs 1.32 crore IPO shares the general public i.e 33% of total capital will together raise its paid-up capital to Rs 4 crore and the promoter/public ratio will be 67:33.

The issue had received applications from 1,783,074  valid applicants who had applied for a total of 19,394,220 units. The issue was oversubscribed by more than 157.16 times. 

As per the allotment module, a total of 12,340 applicants were allotted 10 units each via lottery, and the remaining 1,770,734 applicants were returned with empty hands. 

A total of 2,000 units were allotted to employees and 6,600 units were allotted to mutual funds.

In total 1,551 applicants who applied for 16,700 units were disqualified due to duplicate applications.

Allotment Module:

The IPO result can be accessed by CDSC IPO Result, MeroShare, and Prabhu Capital. 

Khaptad Laghubitta Bittiya Sanstha came into existence in September 2019 and started its operations from July 2020 with licence to operate in the Sudurpaschim Province. KLBSL is promoted by a development bank, Shine Resunga Development Bank Limited (5.6%), an asset management company I Capital Private Limited (7.46%) and 60 individual promoters. Mr. Suresh Bahadur Bam is the Chief Executive Officer of the company. The registered and corporate office of KLBSL is in Godawari-1 Kailali, Nepal.