Kathmandu. The IPO of Sarbottam Paints Industries has been issued on June 24. Global IME Capital Limited, the issue manager for the IPO issuance, has set aside this morning.
A total of 7,05,500 units of shares were issued to the general public from June 12 to April 15. A total of 3,10,33,180 units of shares were sought from 28,94,232 applicants. Out of the total 28,50,025 applicants, 3,05,27,540 units of shares were approved. Accordingly, 5,05,640 units of shares sought from 44,207 applicants have been cancelled.
The IPO has been allotted through a lottery because of the number of applications exceeding the demand. A total of 70,550 people got 10 units of shares.
The final results of the IPO will be announced shortly. The results can be seen on the website of Global IME Capital as well as on CDSC’s My Shares and iporesult.cdsc.com.np.
