NIC Asia Laghubitta Closing IPO From Today

June 28, 2020 | Investopaper

NIC Asia Laghubitta is issuing 47.55 lakh unit shares in the Initial Public Offering (IPO) from Ashad 10, 2077. The IPO issue will remain open until Ashad 14, 2077. If the issue remains under-subscribed until that period, the date will extend to Ashad 24, 2077.

This IPO of NIC Asia Laghubitta is the biggest IPO among the microfinance with the total public issue size of Rs. 47.55 crores.

Related: Upcoming Initial Public Offerings (IPO) In Nepal

The total issued capital of NIC Asia Laghubitta is Rs. 1.48 Arba. The current capital is Rs. 100.45 crores.

After the Initial Public Offering (IPO), the general public will possess a 32.13 percent stake in the company.

Sanima Capital Limited is the issue manager for the IPO.

The company has already received approval from the Securities Board for the IPO issuance. Sebon provided the final approval on Chaitra 4, 2076.

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Out of the total issue, mutual funds will apply for the 5 percent or 2,37,800 shares. Likewise, the employees can apply for 74,000 shares of the company. Thus, the general public can participate in the remaining 44,43,200 shares.

Investors can apply for a minimum of 10 units and a maximum of 2,00,000 unit shares at a par value of Rs 100. Applications can be placed through C-Asba or Mero share.

NIC Asia Laghubitta will become the third-largest microfinance in terms of paid-up capital after Chhimek and Nirdhan Utthan Laghubitta. Chhimek and Nirdhan Utthan Laghubitta both have a capital of Rs. 1.50 Arba.

Also Read: How To View IPO Result In Meroshare?

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