Kathmandu, The first day of the IPO of Jeevan Bikas Microfinance has received more applications than the demand. According to sales manager NMB Capital, 473,521 applicants have applied for 7,381,060 lots on the first day on Friday. This application is 3.99 times more than the demand from the public. The company has issued a total of 1,977,300 IPO lots. Out of which, the general public will be able to apply for 18 lakh 48 thousand 15 lots.
Out of the total evicted units, 0.5% or 30,420 units have been allocated for employees and 5% or 98,865 units for mutual funds. A minimum of 10 lots and a maximum of 1,000 lots can be applied for in an IPO. Applications for this IPO can be submitted till Ashad 15. Applications can be submitted through C-ASBA.