May 3, 2019 | Investopaper
Gurans Laghubitta Bittiya Sanstha Limited is closing the IPO issue from today ( Baisakh 20, 2076). Due to the oversubscription of shares, the issue will close today as informed by the issue manager. Interested investors can still apply until the close of banking hours today.
The company is floating 2,50,000 shares in the Initial Public Offering(IPO) from Baisakh 16, 2076.
The IPO is 32.26 percent of the total issued capital and is worth Rs. 2.50 crores. The total issued capital of the microfinance is Rs. 7.75 crores.
Out of the public issue size of 2.25 lakh units, 0.5 percent or 3,875 units are reserved for the employees of the company. Also, 12,500 units are allocated to mutual funds. The general public will apply for the remaining 2,33,625 shares.
SEBON had provided approval for the issuance of IPO on Chaitra 26,2075.
Interested Investors can apply for a minimum of 10 shares at a par value of Rs. 100. Application for a maximum of 500 units can be placed.
The application form can be submitted through C-ASBA service and Mero share.
NIBL Ace Capital is the issue manager for the Initial Public Offering (IPO).
To see the third quarter performance of Gurans Laghubitta, click on the link below.