Mahila Laghubitta Bittiya Sanstha Limited IPO allotment concludes today

Kathmandu, February 26

Mahila Laghubitta Bittiya Sanstha Limited  concluded its IPO allotment today at the office of issue manager Nepal SBI Merchant Banking Limited. 

As Initial Public Offering to the general public Mahila Laghubitta Bittiya Sanstha Limited had issued 4,00,000 units worth Rs 4 crore.

Out of the total IPOs issued 0.5% of the total issue capital i.e. 5,000 units have been alloted for the employees of the company and 5% of the total offered shares to the general public i.e. 20,000 units have been set aside for the mutual funds. The remaining 3,75,000 units can subscribe by general public.

According to the allotment module, 37,500 applicants of total were allotted 10 units each via lottery, and the remaining 14,99,182 applicants were returned empty hands. Out of total,3,353 applicants who applied for 54,960 units were disqualified.

The company has published an unaudited financial report for the second quarter, where it reported  increase in net profit by 159.46% in the second quarter of the fiscal year 2077/78.