Sadhana Laghubitta starts issuing IPO

Jul 05, 2020 08:44 AM Merolagani

Sadhana Laghubitta has started issuing an initial public offering (IPO) from July 5. The company is planning to issue 707,800 units of IPO worth Rs 70.780 million to the general public.

Out of the total offering, the company allocated 0.50 percent of issued capital i.e. 10,890 units for employees and 5 percent i.e. 35,390 units to mutual funds. The general public can apply for the remaining 661,520 units of shares.

The issue will close early on July 8 and lately on July 19. The interested investors can apply for a minimum of 10 and maximum of 1,000 units of shares.

It has appointed Global IME Capital as its issue manager. The interested investors can apply for all C-ASBA approved BFIs and through meroshare software.

ICRA Nepal has assigned Grade 4 rating to the IPO indicating below average fundamentals.

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Nepal Reports 259 New Cases of COVID-19; Death tolls 58

Aug 04, 2020 04:38 PM

Nepal has reported 259  new cases of COVID-19 on August 4.  With this, the number of COVID-19 cases has totaled 20, in the country, of which, 5,925 are active cases.