Manakamana Smart Laghubitta Sanstha’s IPO distribution, the results can be seen in this way

KATHMANDU: JULY 12 – Manakamana Smart Laghubitta Bittiya Sanstha Limited has issued an IPO to the public. Sales manager NMB Capital distributed the shares at Capital’s office this morning.

The company had issued an IPO to the public from July 1 to 5. 1.954 million 274 people had applied for the IPO of the organization.

Of the 2,753 applications, 1,951,521 were eligible, Capital said.

After receiving more applications than the demand, Capital had distributed the shares to the eligible applicants by making them participate in the round. Accordingly, 36 thousand 349 people have received shares at the rate of 10 lots.

Two of them have received 11 shares. Of those who have applied, more than 1.917 million have been left empty-handed.

The company had opened the sale of 3,89,492 ordinary shares worth Rs 38.9 million.

Out of which, 0.5 percent of the issued capital i.e. 19,450 shares have been allotted for collective investment and 6,058 shares for the employees of the company. The general public has applied for the remaining 363,492 lots.

The IPO results can be viewed from My Share, CDS’ website for IPO results, and NMB Capital, the sales manager.