Tuesday, August 5, 2014

IPO allotment result of Laxmi Laghubitta

Kathmandu, Aug 6

Laxmi Laghubitta IPO has allotted its 300,000 unit IPO. Up to 1,050 units under lottery; and 0.9% allotted to the rest of the investors.

According to Nabil Investment Banking Limited, the issue manager, those who applied up to 1,050 units have fallen under lottery while it was flatly allotted to those applying for more than that 0.9 percent.

We will be covering more of the IPO allotment in coming hours.

The IPO was oversubscribed more than 86 times.

The IPO worth Rs 3 crore floated on June 24 has drawn more than 2.57 arba, according to Nabil Investment Banking Limited which is managing the issue.

The microfinance institution based in Kathmandu has stated that out of the 3 lakh primary shares being floated at a face value of Rs 100, altogether 15,000 units have been set aside for the mutual funds and 9,000 units for its staff.


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