Kathmandu. Today is the last day to apply for Om Megashree Pharmaceuticals’ IPO, Chaitra 3.
The company has opened the IPO sale to the public since Falgun 27. The public can apply until banking hours today.
The company had received permission to issue 1.8 million shares worth Rs 180 million in IPO, which is 30 percent of its issued capital of Rs 600 million. Out of this, 10 percent has already been issued and distributed to Nepalis working abroad, worth 180,000 shares worth 10 million rupees.
The company has already distributed 54,000 shares to company employees and 90,000 shares to collective investment funds. In the second phase, the company has issued 1,476,000 shares of common stock to the general public.
A minimum of 10 shares and a maximum of 10,000 shares can be applied for in the company’s IPO. Investors can apply through all ASBA member banks and financial institutions approved by the Nepal Securities Board and their designated branch offices and CDSC’s ‘Mero Share’.
According to CDSC, as of 5 pm on Saturday, 1,618,978 people have applied for the purchase of 19.643 million shares in this IPO. Which is 13.28 times more than the demand.
Due to the oversubscription, this IPO will be allotted through a lottery. In which 147,600 lucky applicants will receive shares at the rate of 10 units.
The company’s share issuance and sale manager is Prabhu Capital Limited.
