Kathmandu, Sept. 5
Only 12,340 applicants of
the initial public offering (IPO) of Khaptad Laghubitta Financial Institution
Limited received a minimum of 10 shares each.
The IPO allotment was
completed on Monday by the Prabhu Capital Limited, the issue manager.
Of the 1.883 million applications
for the primary share issue of Khaptad Laghuvitta, 1,551 were canceled due to
double application while 98,493 were canceled due to other reasons.
Approximately, 2,000
shares equivalent to 0.5 per cent of the issued capital were allocated to the
employees and the remaining 123,400 shares were issued to the general public.
The issue manager had
received applications some 168.64 times the amount of the issue.
It has been arranged that
the results of the allotment can be viewed from the website of Prabhu Capital
and the website of CDS.
At present, the paid-up capital
of the microfinance is Rs. 26.8 million, and after the IPO allotment, it will
reach Rs. 40 million.
Published in The Rising Nepal daily on 6 September 2022.
No comments:
Post a Comment