IPO of Sadhana Laghubitta concludes by alloting 66,152 investors of 10 units 3,81,697 returns empty handed

IPO of Sadhana Laghubitta concludes by alloting 66,152 investors of 10 units 3,81,697 returns empty handed

IPO of Sadhana Laghubitta concludes by alloting 66,152 investors of 10 units 3,81,697 returns empty handed

The IPO of Sadhana Laghubitta Bittiya Sanstha Limited is allotted on 13 Julty at the premises of Global IME Capital Limited.

Sadhana Laghubitta Bittiya Sanstha Limited has issued 7,07,800 units ordinary shares of Rs 7.07 crore to the general public. Out of the offered 7,07,800 units; 0.5% i.e. 10,890 units are set aside for the employees of the company and 5%  i.e. 35,390 units have been set aside for the mutual funds. The remaining 6,61,520 units are for the general public.

Global IME Capital Limited was an issue manager for the IPO issuance.

With the applications from 4,47,849 who had applied for a total of 1,09,00,990 units resulted oversubscription of  by more than 16.50 times.

As per the allotment module, a total of 66,152 applicants were allotted 10 units each via lottery, and the remaining 3,81,697 applicants were returned empty hand. 

A total of 10,890 units were allotted to the staff of the company and 35,390 units allotted to mutual funds.

Check Here How to check IPO of the Sadhan Laghubitta

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