IPO allotment of Swabhimaan Laghubitta concludes; lucky 18558 investors get 10 units each and remaining 3,08,928 applicants return empty hand

The IPO shares of Swabhimaan Laghubitta Bittiya Sanstha Limited is allotted today i.e. Jestha 5, 2076 at the premises of Siddhartha Capital Limited.

Swabhimaan Laghubitta Bittiya Sanstha Limited had issued 1,98,610 units ordinary shares worth Rs 1.98 crore to the general public from Jestha  27-31, 2076. Out of the offered 1,98,610 units; 3,093 units have been allotted for the employees of the company and 9,930 units have been allotted for the mutual funds. The remaining 1,85,587 units are for the general public.

This issue had received applications from 3,27,486  valid applicants who had applied for a total of 60,24,760 units. The issue was oversubscribed by more than 32.46 times. 

As per the allotment module, total 18,558 applicants were allotted 10 units each via lottery and remaining 3,08,928 applicants were returned empty hand. Out of 18,558 applicants; 7 applicants got 1 units each.

The total 230 applicants who applied for 6,340 units were invalid. 

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

Siddhartha Capital Limited has been appointed as the issue manager for the IPO issuance.

After the IPO is issued, the paid up capital of the Rupandehi based microfinance company will be Rs.6.18 Crore.