BPW Laghubitta Bittiya Sanstha Limited

BPW Laghubitta IPO will be distributed on Friday, only 8,095 will get shares

Kathmandu: The shares issued by BPW Laghubitta Bittiya Sanstha Limited to the general public will be distributed on Friday. Mega Capital Markets, the company’s share issue and sales manager, has announced that the shares will be distributed at 11 am on Friday, Chaitra 3.

From Falgun 18th to 23rd, 80,950 shares were issued to the general public. According to the latest data of CDS and Clearing, more than 15 lakh applicants applied for 1 crore 68 lakh shares worth Rs 1 Arba 68 crores in the IPO of the company.

This is 207 times more than the 80,950 shares allotted to the general public. As there are more applications than IPO demand of Laghubitta, securities issuance and allocation will be distributed according to the guidelines.

According to the guidelines, only 8 thousand 95 people will get the shares when the shares are distributed at the rate of minimum 10 shares through the round system.