2,90,000 plus investors applied for NIC Asia Laghubitta IPO till third day 3:30 PM; issue closes on Ashad 14

Fri, Jun 26, 2020 4:08 PM on IPO/FPO News, Stock Market, Latest,

NIC Asia Laghubitta Bittiya Sanstha Limited is issuing 47,55,000 units ordinary shares worth Rs 47.55 crore to the general public from Ashad 10, 2077. The early closing date of this IPO issue is on Ashad 14, 2077 and if the issue is not subscribed till Ashad 14 then this issue can be extended up to Ashad 24, 2077.

Out of the offered 47,55,000 units; 0.5% of issue capital i.e. 74,000 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 2,37,750 units have been set aside for the mutual funds. The remaining 44,43,200 units are for the general public.

As per the issue manager Sanima Capital Limited, the issue has received approx 2,90,000 applications applying for a total of 1,62,70,000 units (approx) of shares till the third day 3.30 PM today. The issue has been oversubscribed by almost 3.66 times till now.

Sanima Capital Limited has informed that their office will be open on June 27 (Saturday) for the facilitation of IPO investors, and also investors can renew their mero share account as well as open Demat account on Saturday.

Applications can be placed for a minimum of 10 units and a maximum of 2,00,000 units.

Things to know for prospective investors about IPO of NIC Asia Laghubitta; advisable to apply minimum 20 units

Click here for Offer Letter:

Click here for Q3 result: