Initial Public Offering (IPO) of Vijaya Laghubitta Bittiya Sansatha
Limited is coming to an end today. The company had floated a total of
4,20,000 kitta shares as part of its IPO on Chait 18.
According to the Growmore Merchant Bank official, the IPO was oversubscribed by 26 times till the second day. The IPO collection till Thursday was approximately over 1 arba.
Investors are required to invest in a minimum of 50 units and they can apply for a maximum of 2,000 units. Growmore Merchant Banker Limited, Durbar Marg, Kathmandu has been appointed the issue manager for the IPO.
After raising Rs 4 crore 20 lakh from the public, the company’s paid up will rise to Rs 14 crore and the promoter-public ratio will stand at 70% to 30%.
Vijaya Laghubitta had posted a net profit of Rs 4.35 million during the 2nd quarter of the fiscal year 2071/72.
ICRA Nepal has assigned “[ICRANP] IPO Grade 4,” indicating below average fundamentals to the proposed IPO of Vijaya Laghubitta Bittiya Sanstha Limited.
source: sharesansar.com.5 April 2015
LINK
According to the Growmore Merchant Bank official, the IPO was oversubscribed by 26 times till the second day. The IPO collection till Thursday was approximately over 1 arba.
Investors are required to invest in a minimum of 50 units and they can apply for a maximum of 2,000 units. Growmore Merchant Banker Limited, Durbar Marg, Kathmandu has been appointed the issue manager for the IPO.
After raising Rs 4 crore 20 lakh from the public, the company’s paid up will rise to Rs 14 crore and the promoter-public ratio will stand at 70% to 30%.
Vijaya Laghubitta had posted a net profit of Rs 4.35 million during the 2nd quarter of the fiscal year 2071/72.
ICRA Nepal has assigned “[ICRANP] IPO Grade 4,” indicating below average fundamentals to the proposed IPO of Vijaya Laghubitta Bittiya Sanstha Limited.
source: sharesansar.com.5 April 2015
LINK
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