Infinity Laghubitta floating IPO from Jestha 13 i.e. today

May 19, 2019 | Investopaper

Infinity Laghubitta is going to issue IPO worth Rs.6.74 crore to the general public from Jestha 13, 2076. The issue will be open till Jestha 16,2076 and if it is not fully subscribed then the extension can be made to Asadh 10,2076.

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

Applications can be placed for a minimum of  10 units and a maximum of 3,370 units. The application can be placed from the financial institutions providing C-ASBA facility and online through Meroshare.

The company received approval from the Securities Board of Nepal (SEBON) to issue the IPO to the general public. SEBON provided the IPO approval on Baisakh 23, 2076.

The microfinance has a total issued capital of Rs.20.74 crores. Out of the total issued capital, 6.74 lakh units worth Rs. 6.74 crores will be issued in the Initial Public Offering. After the IPO, the general public will possess 32.50 percent of the company.

Civil Capital Markets Limited is the issue manager for the IPO of Infinity Microfinance.

Investors in Nepal are quite fascinated with the IPO of microfinance companies. Thus, it is expected that the IPO of Infinity Laghubitta will be able to attract the attention of the investors.






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