IPO Allotment of Shrijanshil Laghubitta Bittiya Sanstha Concludes; 1 in Every 50 Applicants to Be Allotted with 10 Units
Mon, Sep 12, 2022 10:02 AM on IPO/FPO News, Latest,
The IPO allotment of Shrijanshil Laghubitta Bittiya Sanstha Limited is concluded today at the premises of Sunrise Capital Limited, Kamalpokhari.
Shrijanshil Laghubitta Bittiya Sanstha Limited had issued 3,93,750 units worth Rs 3.93 crore as Initial Public Offering to the general public (Bhadra 15-19, 2079).
Out of the total issue; 0.5% of the total shares i.e 5,470 unit shares have been allocated to the employees of the company, whereas 5% of the IPO shares i.e 19,690 unit shares are reserved for the different mutual fund schemes. The remaining 3,68,590 unit shares are for the general public. The paid-up capital of the company after the IPO issuance will be Rs. 10.93 crores.
The issue had received applications from 18,37,436 valid applicants who had applied for a total of 1,91,57,610 units. The issue was oversubscribed by more than 51.97 times.
As per the allotment module, a total of 36,859 applicants were allotted 10 units each via lottery, and the remaining 18,00,577 applicants were returned with empty hands.
A total of 5,470 units were allotted to employees and 19,690 units were allotted to mutual funds.
In total 1315 applicants who applied for 15,070 units were disqualified due to duplicate applications.
Allotment Module:
The IPO result can be accessed by CDSC IPO Result, MeroShare, and Sunrise Capital.
CARE Ratings Nepal Limited (CRNL) has assigned a rating of ‘CARE-NP BB- (Is)’ [Double B Minus (Issuer)] to Shrijanshil LaghubittaBittiya Sanstha Limited (SHLBSL). Issuers with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.
Shrijanshil Laghubitta Bittiya Sanstha (SHLBSL) is a national level 'D' class Financial institution incorporated in 2075 BS. Register on Company Registrar Office of Government of Nepal on 2075 BS under Company Act 2063 with registration number 20133/075/076 and received ‘D’ class institution license from Nepal Rastra Bank (Central Bank of Nepal) in 2075 BS with License number 91/075/076.
