IPO of Infinity Laghubitta receive final approval from SEBON; Liberty Energy IPO added to SEBON pipeline

Securities Board of Nepal (SEBON) has provided final approval to the proposed IPO issue of Infinity Laghubitta Bittiya Sanstha Limited.

The microfinance company will be soon issuing 6,74,000 units of shares to the general public at par value to raise capital worth Rs 6.74 Crore.

Civil Capital Market Limited has been appointed as the issue manager for the IPO issuance of the microfinance company.

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.

CRNL has reaffirmed grading of „CARE-NP IPO Grade 4‟ to the proposed Initial Public Offer (IPO) of Infinity Laghubitta Bittiya Sanstha Ltd.

Infinity Laghubitta earns Rs 2.19 crore till Q3; company to issue IPO worth Rs 6.74 crore soon

Similarly, Initial Public Offering (IPO) of Liberty Energy Company Limited have been added in SEBON’s IPO pipeline for approval.

37,50,000 unit shares of the hydropower company has been added in the IPO pipeline.

NIBL Ace Capital Limited Limited has been appointed as the issue manager for the IPO issuance. ICRA Nepal Limited has assigned a [ICRANP] IPO Grade 4 (Pronounced as ICRA NP IPO Grade Four) to the Rs. 37.50 Initial Public Offer of Liberty Energy Company Limited.

The hydropower company is currently developing 3 hydro projects out of which 25 MW Upper Dordi Hydro in Lamjung in its final stage of development. The company is in survey stage for 2 more small size hydropower projects in Baglung and Lamjung districts.