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Samaj Laghubitta Bittiya Sanstha IPO oversubscribed by more than 126 times in the third day

 Samaj Laghubitta Bittiya Sanstha Limited has issued 86,000 units worth Rs 86 lakh as Initial Public Offering to the general from Bhadra 4, 2077. 

Out of the offered 86,000 units; 0.5% of the issued capital i.e. 1,000 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 4,300 units have been set aside for the mutual funds. The remaining 80,700 units are for the general public.

As per the issue manager Siddhartha Capital Limited, the issue has received approx 4,79,454 applications applying for a total of 1,01,88,670 units of shares worth Rs 1.01 Arba till 5.00 PM today (Bhadra 7). This issue is already oversubscribed by more than 126 times and now it's obvious that allotment for 10 units will be done through the lottery.

Applications can be placed for a minimum of 10 units and a maximum of 5,000 units.

After the issuance of 86,000 units worth Rs 86 lakh IPO shares the general public i.e 43% of total capital which will together raise its paid-up capital to Rs 2 crore and the promoter/public ratio will be 57:43.

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