NRN Infrastructure and Development Limited offering IPO shares to general public from Shrawan 16; IPO issue closes on Shrawan 21

Fri, Jul 24, 2020 6:54 AM on IPO/FPO News,
NRN Infras...

NRN Infrastructure and Development Limited is issuing 33,98,046 units ordinary shares worth Rs 33.98 crore to the general public from Shrawan 16, 2077. The early closing date of this IPO issue is on Shrawan 21, 2077 and if the issue is not subscribed till Shrawan 21 then this issue can be extended up to Bhadra 3, 2077.

Out of the offered 33,98,046 units; 2% of the total offered shares i.e. 67,961 units have been set aside for the employees of the company and 5% of the total offered shares i.e. 1,69,902 units have been set aside for the mutual funds. The remaining 31,60,183 units are for the general public.

Applications can be placed for a minimum of 10 units and a maximum of 31,60,183 units.

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

CRNL has assigned ‘CARE-NP IPO Grade 4’ grading to the proposed Initial Public Offering (IPO) of NRN Infrastructure and Development Limited (NRNIL). ‘CARE-NP IPO Grade 4’ indicates Below Average Fundamentals. The approved units is 30% of the total paid-up capital of the company. 

Click here for IPO Offer Letter: