Kathmandu: The allotment for the Further Public Offering (FPO) of Samata Gharelu Laghubitta Financial Institution was conducted today at the office of its sales manager, Muktinath Capital.

The FPO, issued between October 28 and November 5, received an overwhelming response, with applications oversubscribed by 60.72 times. A total of 1,442,420 applicants requested shares amounting to 21.3 million units. However, only 35,090 applicants will receive shares, leaving 1,407,330 applicants without any allotment. Due to the high demand, the allotment was determined through a lottery system. Applicants will need to wait a while to check the FPO results.