NIC Asia Laghubitta closing IPO issue; interested investors are requested to apply before banking hours today

Sun, Jun 28, 2020 7:55 AM on IPO/FPO News, Latest, Stock Market,
NIC Asia L...

NIC Asia Laghubitta Bittiya Sanstha Limited is closing the issue of 47,55,000 units ordinary shares worth Rs 47.55 crore to the general public from today i.e. Ashad 14, 2077. This issue was open since Ashad 10, 2077. All the interested investors are requested to apply before banking hours today.

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.

2,90,000 plus investors applied for NIC Asia Laghubitta IPO till third day 3:30 PM; issue closes on Ashad 14

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).