IPO opening day of NIC Asia Laghubitta; issue closes on Ashadh 14 and advisable to apply minimum 20 units

Wed, Jun 24, 2020 5:16 AM on IPO/FPO News, Latest, Stock Market,
IPO openin...

NIC Asia Laghubitta Bittiya Sanstha Limited is issuing 47,55,000 units ordinary shares worth Rs 47.55 crore to the general public from today i.e. Ashad 10, 2077. The early closing date of this IPO issue is on Ashad 14, 2077 and if the issue is not subscribed till Ashad 14 then this issue can be extended up to Ashad 24, 2077.

Out of the offered 47,55,000 units; 0.5% of issue capital i.e. 74,000 units have been set aside for the employees of the company and 5% of total offered shares to the general public i.e. 2,37,750 units have been set aside for the mutual funds. The remaining 44,43,200 units are for the general public.

Applications can be placed for a minimum of 10 units and a maximum of 2,00,000 units.

Sanima Capital Limited has been appointed as the issue manager for the IPO issuance.

CARE Ratings Nepal Ltd. (CRNL) has assigned grading of “CARE-NP IPO Grade 4+” to the proposed Initial Public Offer (IPO) of NIC Asia Laghubitta Bittiya Sanstha Ltd. (NALB).

Also read;

Things to know for prospective investors about IPO of NIC Asia Laghubitta; advisable to apply minimum 20 units

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