The NEPSE has approved the listing of Manushi Laghubitta Bittiya Sanstha Limited (MLBS) shares worth 10,93,750 rupees. This comprises the number of shares held by the promoters as well as the number of shares offered to the general public.
A total of 3,93,750 units valued at Rs 3.93 crore were offered to the general public as part of the company’s Initial Public Offering (IPO) from April to June this year (Shrawan 27-31, 2078). A total of 3,93,750 units were offered, with 0.5 percent of the issued capital, or 5,469 units, reserved for company workers and the remaining 5 percent reserved for mutual funds out of the total offer. Three hundred and eighty-nine thousand and five hundred and ninety-three units were reserved for the general public.
The issue had received applications from 23,54,784 valid applicants who had applied for a total of 2,95,74,750 units. The total number of units available was 2,95,74,750. The issue was oversubscribed by a factor of more than 80.23. According to the allotment module, a total of 36,859 candidates were given 10 units each through a lottery system, with three lucky applicants receiving an additional unit, while the rest 23,17,925 applicants were left with nothing. Approximately 5,469 units were allocated to corporate employees, whereas 19,688 units were allocated to the mutual fund’s programme.
The opening price range for the first transaction is Rs.132.69 to Rs.398.07 (Rs.132.69 to Rs.398.07 for the second transaction). If the first transaction occurs within this range during the pre-opening session tomorrow, the initial public offering (IPO) shares will begin trading in the secondary market the following day.