Shrijanshil Laghubitta IPO Allotment to be Concluded Tomorrow at 10 AM; 36,859 Lucky Applicants will Get 10 units Each

Sunrise Capital Limited is going to allot IPO of Shrijanshil Laghubitta Bittiya Sanstha Limited (SHLBSL) on Monday i.e Bhadra 27 at 10 AM. The IPO allotment will take place at the premises of Sunrise Capital Limited, Kamalpokhari, Kathmandu.

The company opened its IPO issue of 3,93,750 units shares worth Rs. 9.13 crores to the general public from Bhadra 15 till Bhadra 19, 2079.

Out of the offered 3,93,750 units; 0.5% of the issued capital i.e. 5,470 units were for the employees of the company and 5% of the total offered shares to the general public i.e. 19,690 units had been set aside for the mutual funds. The remaining 3,68,590 units were for the general public.

According to CDSC, 19,11,241 applicants had applied for a total of 2,10,27,030 units worth Rs. 2.10 Arba till last day. Thus, the IPO was oversubscribed by more than 53.40 times in terms of a number of units through ordinary applicants as of the closing.

CARE Ratings Nepal Limited (CRNL) has assigned 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.