The allotment of shares for the Initial Public Offering (IPO) of Om Megashree Pharmaceuticals Limited reached its conclusion today at the offices of the issue manager, Prabhu Capital Limited, located in Lazimpat, Kathmandu.
Om Megashree Pharmaceuticals Limited offered 1,800,000 units, valued at Rs 18 crores, to the investing public (from 27th Falgun to 3rd Chaitra, 2081). Of these 1,800,000 units, 90,000 (which constitutes 5% of the total) were earmarked for mutual funds, while 54,000 (equivalent to 3% of the total) were designated for company employees. The remaining 1,476,000 units were made available to the general public at a nominal price of Rs. 100. The offering attracted applications from 1,848,298 valid applicants who collectively sought 21,282,420 units, resulting in an oversubscription exceeding 14.41 times.
According to the allotment procedure, 147,600 applicants were granted 10 units each through a lottery system, while the remaining 1,700,698 applicants were left empty-handed. In total, 200,527 applicants who requested 3,138,150 units were not successful.
