Check Jiban Bikash Laghubitta IPO Result
Jiban Bikash Laghubitta had sold 1,977,300 ordinary shares at the face value of Rs 100 per share from Asadh to Asadh 15. Out of the total shares issued, 98,865 shares have been allotted for collective investment funds and the remaining 1.848 million shares have been distributed to the public.
The issue had received applications from 20,18,308 valid applicants who had applied for a total of 2,97,74,360 units. The issue was oversubscribed more than 16.11 times.
As per the allotment module, a total of 1,84,801 applicants were allotted 10 units each via lottery and five luck applicants get 1 unit extra; and the remaining 18,33,507 applicants were returned empty hands.
3 Simple steps to check the IPO Result:
Step 1: Website https://iporesult.cdsc.com.np/
Step 2: Select company Jeevan Bikash Laghubitta
Step 3: Enter Your 16 Number BOID
Permission for IPO sale of Rs. 14.34 billion: The Nepal Securities Board (NSB) has so far allowed the sale of ordinary shares (IPO) to a total of 18 companies in the current fiscal year. According to the details of the board, Union Life Insurance Company has got permission for the last time. The company has been allowed to sell 6.45 million ordinary shares worth Rs. 645 million.
Based on the permission given by the board, a total of Rs. 14.34 billion 23.25 million 100 ordinary shares will be sold. Nepal’s stock market has expanded in recent days. According to the board, the number of beneficiary accounts, which was around 1.7 million in July 2012, has increased by 100 percent and exceeded Rs. 3.5 million.
According to the board, Rs. 78 billion has been mobilized through the primary market of securities in the first 10 months of the current fiscal year. Which is the highest in the history of the last 28 years. The Board’s objective of mobilizing small savings scattered in the society through the primary market and mobilizing long-term capital in the productive sector has been achieved.
According to the board, Reliance Life Insurance Company sold 6.3 million ordinary shares worth Rs. 630 million at the beginning of the current fiscal year. Similarly, Samaj Microfinance had sold 860,000 ordinary shares worth Rs. 86 lakh. There are five hydropower companies getting permission from the board. Singti Hydropower had sold 4.35 million ordinary shares worth Rs. 435 million. The shares were sold to the affected locals and the general public.
According to Dhungana, chairman of the board, the capital market has been established as a reliable source of revenue even in the government’s revenue. Until last year, it was difficult for the government to contribute Rs. 1 billion a year, but this month it has started collecting more than that. The board is of the view that the market has expanded due to the improvement in the capital gains tax system which has not been clear for a long time.