Khaptad Laghubitta IPO Allotment to be Concluded Tomorrow; 12,340 Lucky Applicants will Get 10 units Each

Prabhu Capital Limited is going to allot IPO of Khaptad Laghubitta Bittiya Sanstha Limited (KHLBSL) on Monday i.e Bhadra 20 at 10:00 am. The IPO allotment will take place at the premises of Prabhu Capital Limited, Kamaladi, Kathmandu.

The company opened its IPO issue of 1,32,000 units shares worth Rs. 1.32 crores to the general public from Bhadra 8 till Bhadra 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.

According to CDSC, 11,84,826 applicants had applied for a total of 1,32,46,580 units worth Rs. 1.32 Arba till last day. Thus, the IPO was oversubscribed by more than 107.34 times in terms of number of units through ordinary applicants as of the closing.

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.