Samaj Laghubitta IPO Result | Samaj Laghubitta IPO allotment | Merolagani IPO Result | Sharesansar IPO Result | Bizpati IPO result | Nepali Paisa IPO Result
IPO allotment of Samaj Laghubitta | IPO Result of Samaj Laghubitta | Merolagani 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.
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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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