Nepal Seva Laghubitta Bittiya Sanstha Ltd (NSLBSL) has concluded allocation of its initial public offering (IPO) today Sunday 6th May 2018 (23rd Baishakh 2075) at the premises of NMB Capital, its issue manager in Nagpokhari, Naxal, Kathmandu. The microfinance has issued a total of 180,000 unit shares worth Rs 18 million at a face value of Rs 100 starting from Wednesday 25th till Sunday 29th April 2075. Out of the total 208,131 applicants applied for 13,756,990 unit shares, only 16,740 applicants (8%) have been allotted the mandatory 10 unit shares each through the lottery system as per the provisions in Securities Issue and Allotment Guidelines 2074. There are 84,445 applicants applying through Meroshare alone.
There were a total of 548 invalid applicants demanding 43,106 unit shares that were cancelled. Of these, 29 applications were from institutions and were rejected since institutional investors are not allowed to invest in IPO.
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