NIC Asia Laghubitta to conclude IPO allotment on tomorrow, Saturday 9:30 am. Allotment will be concluded at premises of Sanima Capital Limited, Naxal Kathmandu. This is done in the interest of larger public as it would help in release of funds sooner enabling the investors to apply for the 2 upcoming IPOs next week. Due to IPO of Sadhana Laghubitta server of CDSC might be hamper so this allotment is planned to concluded tomorrow.
Entry of public will be restricted in the office premises of Sanima Capital and the allotment process will be streamed live in the Sanima Capital Facebook page.
Total 4,14,180 applicants have applied for 2,30,65,390 units of shares till closing day of issue.
Issue manager, Sanima Capital had concluded pre allotment yesterday where 397,741 applicants are eligible to 10 units each. And lucky 46,479 applicants will get extra 10 units through lottery. 16,439 applicants became invalid.
It had floated 47,55,000 units of shares @ 100 for general public. Among total issue the company has reserved 0.5% or 74,000 and 5% or 2,37,800 units for existing mutual funds. Remaining 44,43,200 units for allocated for general public.
Paid up capital will reach to Rs.1.48 arba after IPO issue.