Allotment of Sparsha Laghubitta IPO on Chaitra 10

March 22, 2019 | Investopaper

The allotment of IPO shares of Sparsha Laghubitta Bittiya Sanstha Ltd. will conclude on Sunday (Chaitra 10, 2075). The issue manager Sanima Capital Limited informed that IPO was oversubscribed by more than 32 times and the general public will be allotted 2,52,000 shares on Sunday. 25,200 applicants will receive 10 shares each through the lottery.

Related: How to apply IPO/FPO/Right Share through Mero Share?

Sparsha Laghubitta Bittiya Sanstha Ltd. offered IPO from Falgun 26 to Falgun 29. The microfinance issued 2,63,630 shares as the IPO. Out of it, 4,148 shares were reserved for the employees. Also, 5% or 13,482 shares were allotted to the mutual funds. The remaining 2,52,000 shares were issued to the general public.

The paid-up capital will rise to Rs. 8.30 crores after the adjustment of IPO shares.


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