December 14: NIBL Ace Capital, the issue manager for the IPO issuance of Chautari Laghubitta Bittiya Sanstha Limited, has successfully concluded the allotment of 600,000 shares. The allotment was held on the premises of NIBL Ace Capital in Lazimpat, Kathmandu on December 14.
According to the company, out of 600,000 units, 9,300 units have been allotted to employees of Chautari Laghubitta Bittiya Sanstha Limited, 30,000 units to mutual fund and 560,700 units have been allotted for the general public through lottery.

The company had issued 600,000 unit shares for which 273,192 applicants had applied for 17,153,770 units making the issue to be oversubscribed by 30.59 times, reads a statement issued by the company.

After the IPO issuance, the company’s paid-up capital has reached Rs 186 million from 126 million.

The result of the lottery is available at www.niblcapital.com.