Jeevan Bikas Laghubitta has issued 1,977,300 ordinary shares with a face value of Rs 100 per share since Friday. Out of the offered 19,77,300 units; 0.5% of the total capital i.e. 30,420 units have been set aside for the employees of the company and 5% i.e. 98,865 units for the mutual funds. Whereas, the remaining 18,48,015 units are for the general public.
NMB Capital Limited has been appointed as the issue manager for the IPO issuance of Jeevan Bikas Laghubitta. According to the issue manager, as many as 12.5 million applications have been received for the IPO of Jeevan Bikas Laghubitta till Sunday evening.
Which is 12.47 times more than the shares sold by the company.
The interested investors can apply for a minimum of 10 units and a maximum of 1,000 units by July 30 at the earliest and on July 9 at the latest. After the issuance of total 19,77,300 units worth Rs. 19.77 crore IPO shares, the paid-up capital of Microfinance will scale to Rs 60.84 crore. The promoter/public ratio will be 67.50 : 32.50.