Infinity Laghubitta IPO oversubscribed by 10.65 times; 3.3 lakh investors applied till last day

Thu, May 30, 2019 7:11 PM on IPO/FPO News, Latest, Stock Market,
Infinity L...

Infinity Laghubitta Bittiya Sanstha Limited is closing the issue of 6,74,300 units ordinary shares worth Rs 6.74 crore to the general public from today (Jestha 16, 2076). This issue was opened since Jestha 13.

Out of the offered 6,74,000 units; 33,700 units have been allotted for the mutual funds. The remaining 6,40,300 units (including 10,370 set aside for employees of the company) for the general public.

As per the issue manager Civil Capital Market Limited, 3,30,130 applicants have applied for 6,710,800 units of shares oversubscribing the issue by 10.65 times till last day.

After the IPO issue, company paid up capital will be Rs 20.74 crore and promoter and public shareholding ratio will be 67.50:32.50.

Care Rating Nepal Limited has reaffirmed grading of “CARE-NP IPO Grade 4” to the proposed Initial Public Offer (IPO) of Infinity Laghubitta Bittiya Sanstha Ltd.