Kathmandu. Om Megashree Pharmaceuticals’ IPO is scheduled to be distributed tomorrow, Tuesday.
According to the securities sales manager Prabhu Capital, the IPO of Om Megashree Pharmaceuticals will be distributed tomorrow at 9 am. The IPO distribution program has been held at the office of Prabhu Capital.
The company had opened the IPO sale to the public from Falgun 27 to Chaitra 3. The company had received permission to issue 1.8 million shares worth Rs 180 million, equivalent to 30 percent of its issued capital of Rs 600 million. Out of this, 10 percent has already been allocated 180,000 shares worth Rs 18 million for Nepalese working abroad.
The company had allocated 54,000 shares to company employees and 90,000 shares to mutual funds. In the second phase, the company had issued 1,476,000 shares to the general public.
According to the CDSC, till the last day, 1,888,836 applicants have applied for 23,691,510 shares in this IPO. Which is 16.05 times more than the demand.
Due to the oversubscription, this IPO will be allotted through a lottery. In which 147,600 lucky applicants will get shares at the rate of 10 units.
