Infinity Laghubitta IPO to hit market from Jestha 13; company to issue 6,74,300 units shares worth Rs 6.74 crore

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 upto 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.

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.

Infinity Laghubitta earned Rs 2.19 crore till Q3 of the current FY. 

Click here for IPO offer letter: