Mahila Laghubitta Bittiya Sanstha Limited IPO Result Published

News 25 Feb 2021 236239

Mahila Laghubitta Bittiya Sanstha Limited IPO Result Published:

The IPO sold by Mahila Laghubitta Bittiya Sanstha Limited to the public and distributed on Friday, February 26. According to sales manager Nepal SBI Merchant Banking, the IPO distributed at 8 am on Friday.

Mahila Laghubitta Bittiya Sanstha Limited Allotment Model: In compliance with Securities Issuance and Allotment Directives, 2074

The Issuing Company	Mahila Laghubitta Bittiya Sanstha Limited
Issue Manager	Nepal SBI Merchant Banking Ltd.
Security Type	Common Stock -IPO
Date of Approval From SEBON	2077-10-08
Per Unit Share Price	100
Total Number of Securities Allotted to MF Schemes	20,000
Allotted Amount to MF Schemes	2,000,000
Total Number of Securities Issued for Public with Staffs	380,000
Public Issue Amount, NPR (with staff)	38,000,000
Issue Open Date (Public)	2077-10-30
Issue Closure Dale	2077-11-05
Proposed Allotment Date	2077-11-14
Total Applicants	1,540,035
Total Applied Kitta	23,747,590
Total Invalid Applicants	3,353
Total Invalid Kitta Applied	54,960
Total Valid Applicants	1,536,682
Total Valid Kitta Applied	23,692,630
Minimum Kitta To Apply	10
Maximum Kitta To Apply	1,000
Minimum Allotted Kitta	10
Total Allottee	37,500
Total Allotted Kitta	375,000
Total Applicants from Staffs	153
Total Applied Kitta from Staffs	5,000

Summary:

START KITTA	10
END KITTA	1000
NO OF APPLICATION	1536862
TOTAL APPLIED KITTA	23692630
KITTA TO BE ALLOTED	10
NO OF ALLOTEE	37500
ALLOTED KITTA	375000

Mahila Laghubitta's IPO has received applications for 24.6 million 46 thousand 170 shares or 2 billion 466 million 17 thousand rupees. That is 65.72 times more than the 375,000 applications issued to the public. As there were more applications than the demand, only 37,500 people will get shares at the rate of a minimum of 10 Shares as per the Securities Issuance and Distribution Directive.

Mahila Laghubitta had issued 400,000 ordinary shares at a face value of Rs 100 per share, equivalent to 40 percent of the issued capital of Rs 100 million.

As there were more applications than the demand, the shares have been distributed at the rate of at least 10 Kitta through the round of circulation as per the Securities Issuance and Distribution Directive.

How to Check IPO Result of Mahila Laghubitta:

Now you can check the IPO result of Mihila Laghubitta from MeroShare (www.iporesult.cdsc.com.np), or, IPO Sales Manager company's website or from the official website of Mahila Laghubitta (www.mlbsl.com.np)

Note: The IPO result published, you can check your IPO result from MeroShare or the other two options.

Click Here to Check IPO Result