Asha Laghubitta IPO on Magh 18, how much can you apply?

January 24, 2019 | Investopaper

Asha Laghubitta is going to issue Initial Public Offering (IPO) on Magh 18, 2075. The IPO issue will close on Magh 22 if fully subscribed. Otherwise, the issue will continue till Falgun 19, 2075.

Related: How to apply IPO/FPO/Right Share through Mero Share?

The microfinance is going to issue 6.74 lakh shares to the public. Out of total public issue, 0.5% is reserved for the employees. Mutual funds are allocated 5% shares i.e. 33,700 shares. The general public will participate in 6,29,930 shares.

Prabhu Capital is the issue manager for the IPO.

The applicants can apply for a minimum of 10 shares. Also, the maximum shares that can be applied are 3,370.

The current paid up capital stands at Rs. 14 crores. After the issuance of IPO, the paid-up capital will reach Rs. 20.74 crores.

The Care rating has given IPO Grade 4  for the Initial Public Offering of Asha Laghubitta. This indicates below average fundamentals of the company.


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