Vijaya Laghubitta announces IPO worth Rs 4 cr 20 lakh; 3,86,400 kittas for public

ShareSansar, March 25:

Vijaya Laghubitta Bittiya Sanstha Limited has announced to float 4,20,000 kitta ordinary shares for the public.

The offer will open on Chaitra, 18 and end on Chaitra 22. The maximum closing date has been set for Baisakh 2, 2072.

Of the total shares, the company has set aside 12600 kittas for its employees. Likewise, 21,000 shares set aside for mutual funds have already been distributed to Nabil Balance Fund-1 (4200 kittas), Siddhartha Growth Scheme-1 (1400 kittas), Siddhartha Equity Oriental Scheme (2800 kittas), NMB Sulav Fund-1 (4200 kittas), NIBL Growth Fund-1 (4200 kittas), and Laxmi Value Fund-1 (4200 kittas).

Interested investors must apply for a minimum of 50 shares and they can apply for a maximum 2,000 shares.

After raising Rs 4 crore 20 lakh from the public, the company’s paid up will rise to Rs 14 crore and the promoter-public ratio will stand at 70% to 30%.

The IPO will be managed by Growmore Merchant Banker Limited.