IPO Shares of Muktinath Krishi Limited Listed In NEPSE; What are the Opening Ranges?
Wed, Dec 13, 2023 12:12 PM on Latest, IPO/FPO News, Share Listed,
70,00,000 unit IPO shares of Muktinath Krishi Company Limited have been listed in NEPSE. This includes the shares held by promoters and the quantity issued to the general public.
The opening range for the first transaction is 96.14 to Rs. 288.42. The IPO shares will be traded in the secondary market the next day if the company signs an agreement with NEPSE.
Out of a total of 70,00,000 unit shares, 11,48,000 unit IPO shares were issued to the general public at par value Rs 100 from 8th Mangsir to 12th Mangsir, 2080.
Note that the listed shares will traded under the symbol 'MKCL'.
Earlier, the issue had received applications from 12,74,567 valid applicants who had applied for a total of 1,36,04,910 units. The issue was oversubscribed by more than 11.85 times.
As per the allotment module, a total of 1,14,800 applicants were allotted 10 units each via lottery and the remaining 11,59,767 applicants were returned with empty hands.
