Sadhana Laghubitta closing IPO issue from today; interested investors can apply till banking hour today

Wed, Jul 8, 2020 6:51 AM on IPO/FPO News, Latest, Stock Market,

Sadhana Laghubitta Bittiya Sanstha Limited is closing 7,07,800 units ordinary shares worth Rs 7.07 crore to the general public from today i.e. Ashad 24, 2077. This IPO issue was opened since Ashad 21. All the interested investors are requested to apply till banking hour today.

Out of the offered 7,07,800 units; 0.5% of issue capital i.e. 10,890 units have been set aside for the employees of the company and 5% of total offered shares to the general public i.e. 35,390 units have been set aside for the mutual funds. The remaining 6,61,520 units are for the general public.

IPO of Sadhana Laghubitta oversubscribed by 13.40 times, more than 3.63 lakh applicants received in 3 days

Applications can be placed for a minimum of 10 units and a maximum of 1,000 units.

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

ICRA Nepal has assigned a grading of [ICRANP] IPO Grade 4+, indicating below-average fundamentals, to the proposed initial public offering (IPO) of Sadhana Laghubitta Bittiya Sanstha Limited.

Things to know for prospective investors about IPO of Sadhana Laghubitta; advisable to apply only 10 units