Sparsha Laghubitta IPO from today; How much can you apply?

March 10, 2019 | Investopaper

Sparsha Laghubitta Bittiya Sanstha Ltd. will issue the initial public offering (IPO) from today (Falgun 26). The microfinance will issue 2,63,630 shares as the IPO. Out of it, 4,148 shares are reserved for the employees. Also, 5% or 13,482 shares are allotted to the mutual funds. The remaining 2,52,000 shares will be issued to the general public.

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

The IPO issue will remain open until Falgun 29. If the issue is not fully subscribed within that period, the issue will be extended to Chaitra 25, 2075.

Sanima Capital is the issue manager for IPO.

Interested applicants can apply for a minimum of 10 shares for Rs. 1,000. The maximum shares that can be applied are 1,340 units.

As of second quarter F.Y. 2075/76, the share capital is Rs. 5.60 crores and reserves remain at Rs. 8.35 lakhs. The net profit is Rs. 6.21 lakhs till Poush end of 2075.


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