The Initial Public Offering of Kalika Micro Credit Development Bank Limited, which closed yesterday, and has collected more than Rs 1 arba, that is almost 58 times of the total issue.
“We have collected around Rs 1.15 arba, sources at NMB Capital Limited, the issue manager,” told ShareSansar.com. “More than Rs 96 crore was invested in the IPO in the last day itself.”
The IPO draw more than 22,800 applicants –both small and large investors, the sources added.
However, the exact figures will be clear only by the evening due to the huge number of applications.
The development bank had floated issue 2 lakh unit IPO shares in the market at the rate of Rs 100 per unit on September 19, i.e. last Thursday, to collect Rs 2 crore.
As the IPOs to be subscribed the most during the day of book closure, Kalika Micro Credit’s IPOs are likely to be oversubscribed by many folds.
Among the 2 lakh IPOs floated in the market, 4,000 units are reserved for its staff and 10,000 units are reserved for the mutual funds.
Of the 10,000 unit IPO allotted to the mutual funds, the development bank has already set aside 5,000 unit shares to Nabil Balance Fund and the remaining 5,000 units to Sidhartha Investment Growth Plan-1.
The general public could bid for a minimum of 20 IPO units to a maximum of 5,000 units.
Source:sharesansar
“We have collected around Rs 1.15 arba, sources at NMB Capital Limited, the issue manager,” told ShareSansar.com. “More than Rs 96 crore was invested in the IPO in the last day itself.”
The IPO draw more than 22,800 applicants –both small and large investors, the sources added.
However, the exact figures will be clear only by the evening due to the huge number of applications.
The development bank had floated issue 2 lakh unit IPO shares in the market at the rate of Rs 100 per unit on September 19, i.e. last Thursday, to collect Rs 2 crore.
As the IPOs to be subscribed the most during the day of book closure, Kalika Micro Credit’s IPOs are likely to be oversubscribed by many folds.
Among the 2 lakh IPOs floated in the market, 4,000 units are reserved for its staff and 10,000 units are reserved for the mutual funds.
Of the 10,000 unit IPO allotted to the mutual funds, the development bank has already set aside 5,000 unit shares to Nabil Balance Fund and the remaining 5,000 units to Sidhartha Investment Growth Plan-1.
The general public could bid for a minimum of 20 IPO units to a maximum of 5,000 units.
Source:sharesansar
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