Infinity Laghubitta to close IPO issue after the banking hour today; issue already oversubscribed

Thu, May 30, 2019 5:00 AM 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. The interested investors are requested to apply before banking hour today.

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. 

Also see,

IPO of Infinity Laghubitta Bittiya Sanstha opens from Jestha 13; See the detailed information of company before investing

Click here for IPO offer letter: