Infinity Laghubitta IPO collects more than Rs.36 Crore as per latest data; issue oversubscribed by 5.45 times

Tue, May 28, 2019 5:17 PM on IPO/FPO News, Latest,
Infinity L...

Infinity Laghubitta Bittiya Sanstha Limited is issuing 6,74,300 units ordinary shares worth Rs 6.74 crore to the general public from Jestha 13, 2076. The early closing date of this IPO issue is on Jestha 16, 2076 and if the issue is not subscribed till Jestha 16 then this issue can be extended up to Ashad 10, 2076.

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.

Applications can be place for minimum 10 units and maximum 3,370 units. Application can be placed from the financial institutions providing C-ASBA facility or through Meroshare.

Civil Capital Market Limited has been appointed as the issue manager for the IPO issuance. As per the issue manager, 173,531 applicants have applied for 3,671,580 units of shares oversubscribing the issue by 5.45 times.

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.