Shares oversubscribed

KATHMANDU: The 2,00,000 units of shares — of Birat Laxmi Development bank — floated for the public at the face value of Rs 100 has been oversubscribed, states a press release issued here by the issue manager NIDC Capital Markets Ltd. The shares will be alloted on Tuesday. Recent IPOs are being grossly oversubscribed by the people as it gives a good return to the investors. — HNS