IPO Allotment of Samaj Laghubitta | Samaj Laghubitta IPO Result | Merolagani IPO Result | Sharesansar IPO result
The
IPO allotment of samaj laghubitta is
finished today at the office of Siddhartha capital. Samaj laghubitta bittya sanstha limited had issued 86,000 (Eighty
Six thousand) units Initial Public Offering to the general public worth rupees
86,00,000 (Eighty six lakh) to the general public from Bhadra 4-8 2077. As per
allotment module the total 8,070 (Eight hundred
and seventy) applicants are allotted with 10 units shares via lottery likewise 5,39,300 (five lakh thirty nine thousand and three hundred) applicant
were returned empty hand.
Click Here to Check the IPO Result Link 1
Click Here to Check the IPO Result Link 2
Click Here to Check the IPO Result Link 3
Siddhartha
Capital limited has done the pre-allotment of the IPO shares yesterday. There
is a provision that the regulatory body should inform the Nepal Securities
Board by pre-allotment three days before the distribution of primary shares.
Earlier, Siddhartha Capital had planned to
distribute the shares on Saturday. However, the distribution had to be shifted
due to the previous day's share distribution. This is because SEBON has
instructed not to issue and distribute shares at the same time. According to
the CDSE, the issuance and distribution of shares at the same time has put more
pressure on my shares and the website itself has become sluggish.
Care Ratings Nepal has provided a
'CARE-NP B+' rating to the IPO issue. This indicates a high risk of default
regarding timely servicing of financial obligations. Out of the offered 86,000 units; 0.5% of the issued
capital i.e. 1,000 units have been set aside for the employees of the company
and 5% of the total offered shares to the general public i.e. 4,300 units have
been set aside for the mutual funds. The remaining 80,700 units are for the
general public. As per the issue manager Siddhartha Capital Limited, the issue
has received approx. 2,93,058 applications applying for a total of 63,89,520
units of shares worth Rs 63.89 crore till 5.00 PM today (Bhadra 5). This issue
is already oversubscribed by more than 79 times and now it's obvious that
allotment for 10 units will be done through the lottery. Applications can be
placed for a minimum of 10 units and a maximum of 5,000 units. After the
issuance of 86,000 units worth Rs 86 lakh IPO shares the general public i.e 43%
of total capital which will together raise its paid-up capital to Rs 2 crore
and the promoter/public ratio will be 57:43.The promoters of this microfinance
bankers, chartered accountant, engineer, businessman, and teachers. It is
registered with the office of the company registrar under the company’s act
2063. The company had started operation from 25th of Falgun, 2068 BS from its
head office at Malangawa, Sarlahi.
How to Check IPO result?
The
result of IPO can be check in
different websites. The following web addresses are
·
www.sharesansar.com
Sharesansar
·
www.merolagani.com
Merolagani
·
www.bizpati.com Bizpati
How to check IPO result on mero share ?
i.
Login Your Mero Share
Account
ii.
Go to My ASBA
iii.
Go to Application
report
iv.
Then Click on report
What Is IPO?
IPO
means the initial public offering of the shares. Initial public offerings are
used to raise more capital in the public limited company. Public Limited
Company can be listed in stock exchange after publishing Initial public
offering. It is the process by which the company can sell its stock to the
general public. The allocation system of IPO differs from the country. In the
case of Nepal, Security Board of Nepal (SEBON) has made the policy to allocate
the shares by the lottery with the minimum 10 units shares each person if the
IPO is oversubscribed. If the IPO is not subscribed then the IPO shares will be
allotted as per the demand of the applicants.
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