IPO of both the Microfinance companies over-subscribed on the first day itself ; Are you yet to apply ????

As per the sources, IPO of both the Microfinance companies have been over subscribed on the very first day.

As per NMB Capital, 60,335 applicants have applied for the IPO of Janasewi Laghubitta. Out of the total issue, only 4.32 lakh units are available for the general public. Thus, barely 43,299 lucky applicants will be allotted with 10 unit of shares. The allotment is sure to go under lottery. The issue is to close on 31st Baisakh, 2076. 

Similarly, for Swabhimaan Laghubitta 1.85 lakh units are available for general public. Thus, only 18,558 applicants will be allotted with the shares. However, already 58,000 applicants have applied on the very first day. Siddhartha Capital is managing the issue. After the IPO, the company will have a paid-up capital of Rs 6.18 crores. 

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