Last day to apply for IPO of Sadhana Laghubitta

Jul 08, 2020 09:53 AM Merolagani

Today is the last day to apply for initital public offering of Sadhana Laghubitta. The company started issuing the IPO from July 5.

The company is issuing 707,800 units of IPO worth Rs 70.780 million to the general public.

Out of the total offering, the company has 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 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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