ILFCOM IPO allotment tomorrow; offer was oversubscribed above 57 times.

ShareSansar May 27:

The announcement regarding the allocation of shares of the Initial Public Offering of ILFCOM will be made on Jestha 14, Thursday (tomorrow).

Kamal Khatri, assistant manager of Civil Capital Market Ltd, the issue manager for the IPO, said hat all the details regarding the IPO allotment will be made public tomorrow at 8: 30 am at the premises of Civil Capital Market Ltd Limited, Kathmandu Plaza, Kamaladi, Kathmandu.

ILFCOM opened its Initial Public Offering of 400,000 unit shares from Chait 17. The offer closed on Chait 20. ILFCO Microfinance IPO was oversubscribed above 57 times.

 Investors were required to invest in a minimum of 20 units and they can apply for a maximum of 1,000 units.

After the IPO, the paid up capital of the company will reach Rs 10 crore from the current Rs 6 crore. Likewise, following the IPO, the promoter-public ratio in the company will be 60% to 40%.