Sadhana Laghubitta issuing 7,07,800 units IPO share to general public from Ashad 21; issue closes on Ashad 24

Fri, Jun 26, 2020 8:33 AM on IPO/FPO News, Latest, Stock Market,
Sadhana La...

Sadhana Laghubitta Bittiya Sanstha Limited is issuing 7,07,800 units ordinary shares worth Rs 7.07 crore to the general public from Ashad 21, 2077. The early closing date of this IPO issue is on Ashad 24, 2077 and if the issue is not subscribed till Ashad 24 then this issue can be extended up to Shrawan 4, 2077.

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.

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.

Click here for Offer letter:

Click here for Q3 report: