Swastik Laghubitta IPO: Sky-High Demand and Your Chances of Winning!
The Swastik Laghubitta Bittiya Sanstha IPO has closed, and the numbers are in! This IPO has seen an absolutely incredible level of demand, signaling strong interest in Nepali stock market IPOs. If you’re a keen investor, you’ll want to know exactly what’s going on.
A staggering 25,28,551 applicants submitted a staggering 2,93,81,650 units of shares during the IPO’s final day on Bhadra 3rd. That’s a massive oversubscription! This means demand for this IPO was over 150 times the available shares. This highlights the increasing popularity of investing in Nepal and the significant interest in microfinance companies.
The company offered 1,95,195 units of shares at a price of Rs. 100 per share to the general public. However, with the massive oversubscription, the chances of getting an allocation are incredibly slim. Only approximately 19,519 applicants will receive shares, allocating 10 shares per person. Therefore, the odds of getting this IPO are about 0.77%. The Swastik Laghubitta IPO allotment is eagerly awaited.
For those who were hoping to get their hands on the Swastik Laghubitta IPO, patience and resilience are key! This IPO’s overwhelming demand illustrates the highly competitive nature of the Nepali stock market.
Nabil Investment Banking Limited acted as the issue manager for this IPO, overseeing the entire process.
Keep an eye on future IPO news and stock market updates to stay informed about potential investment opportunities in Nepal. This is the best time to find the best stocks to invest in. Good luck with future IPO applications!
