Mahuli Samudayik IPO allocation closes: 10,920 out of 80,586 candidates allotted 10 units shares each
Sunrise Capital Limited (already known as NCM Merchant Banking Limited) is appointed as the issue manager of Mahuli Samudayik Laghubitta Bittiya Sanstha Limited IPO. And the companyd has finished up the assignment of 1.20 lakh units IPO shares today. The allocation was held today at the issue supervisor’s premises at Kamalpokhari, Kathmandu at 12:30 PM.
The allotment process is done through lottery. Out of the aggregate 80,586 applicants, only 10,920 applicants got the shares of Mahuli Laghubitta. The lucky winners 10 units share. Moreover, 7 mutual funds were allotted 6,000 units and 106 staffs of Mahuli Samudayik were assigned 4,800 units shares.Retail speculators connected for a sum of 90,20,440 unit shares and those in the others classification requested 1,23,21,640 units shares. The offers put aside for retail financial specialists were oversubscribed by 206 times and those put aside under other class were oversubscribed by 188 times.
Mahuli Samudayik Laghubitta Bittiya Sanstha Limited had issued its Initial Public Offering (IPO) of 1,20,000 unit shares worth Rs 1.20 crore from Baisakh 7, 2074 till Baisakh 11, 2074. The issue was oversubscribed by 195 times till a day ago. Intrigued speculators were required to apply for at least 50 units of offers and they could apply for up to 600 units of offers.
Mahuli Samudayik Laghubitta was built up on June, 1994. It fundamentally centered around group improvement administrations at the season of its initiation. It began microfinance program from September, 2000 and got moved up to Class “D” monetary foundation in the FY 2070/71. The microfinance organization has its working zone in 10 regions with 28 branches.
How to Check IPO Result of Mahuli Samudayik Laghubitta Bittiya Sanstha Ltd.
If you have applied for IPO share of Mahuli Laghubitta, then you have a chance to get 10 unit of shares by lottery. So, after the full allotment is done by issue manager, we will update the Mahuli Laghubitta IPO result as soon as possible.