Infinity Microfinance to issue 6.74 lakh units IPO shares; Receives approval from SEBON
May 7, 2019 | Investopaper
Infinity Microfinance Bittiya Sanstha Limited has received approval from Securities Board of Nepal (SEBON) to issue the IPO to the general public. SEBON provided the IPO approval on Baisakh 23, 2076.
Related: How to apply IPO/FPO/Right Share through Mero Share?
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.
