NESDO Sambridha Laghubitta Bittiya Sanstha Ltd has issued 8,28,750 ordinary shares from the 23rd to the 27th of February 2022, worth Rs 82.8 million(8.28 lakh) through Initial Public Offerings (IPO).
A minimum of 10 lots and a maximum of 1000 lots can be applied by the general public. Global IME Capital has been appointed as the issue manager for NESDO Sambridha Laghubitta Bittiya Sanstha Ltd.
According to the media, the Sanstha intends to allocate 12,750 units (0.5 percent) of the 8,28,750 issued shares to its employees, 41,437 units (5 percent) to mutual funds, and the remaining 7,74,563 shares (93.46 percent) to the general public.
According to CDSC, the IPO has already been oversubscribed 27 times as of February 25th, just two days after it was issued. This means that approximately 18,01,961 people have already applied for a total of 2,12,10,810 shares.
The IPO is set to end on February 27th (15th Falgun 2078), and the public can apply for shares until that date at 5 p.m.
The NESDO Sambridha Laghubitta Bittiya Sanstha Ltd’s result will be published one week after the IPO deadline. The outcome of NESDO Sambridha Laghubitta Bittiya Sanstha Ltd is expected to be published on March 11, 2022. However, the company will officially publish the news, and you can stay tuned to our website for further updates.