IPO Shares of NESDO Sambridha Laghubitta Listed in NEPSE, Shares to Open at This Range

25,50,000 units IPO shares of NESDO Sambridha Laghubitta Bittiya Sanstha Limited (NESDO) have been listed in NEPSE.

NESDO Sambridha Laghubitta Bittiya Sanstha Limited issued 8,28,750 units worth Rs 8.28 crore as Initial Public Offering to the general public from (Falgun 11-15, 2078). Out of the offered 8,28,750 units; 0.5% of the total issue, i.e. 12,750 units were for employees while another 5% for mutual funds. The rest 7,74,563 shares were issued for the individual public.

The issue had received applications from 2,522,955 valid applicants who had applied for a total of 28,734,010 units. The issue was oversubscribed more than 37.09 times. As per the allotment module, a total of 77,456 applicants were allotted 10 units each via lottery, and lucky 3 applicants get 1 unit extra and the remaining 24,45,499 applicants were returned empty hands. A total of 12,750 units were allotted to the staff of the company and 41,437 units were allotted to mutual funds. In total 4,146 applicants who applied for 47,510 units were disqualified.

The same ordinary shares along with promoter shares are now listed in NEPSE. The Open Price Range is set as Rs.260.84 to Rs.782.52 for the First Transaction. If a trade can happen at this range in tomorrow's pre-market session, the shares will be tradable from tomorrow's trading session itself.