LFCO Microfinance Bittiya Sanstha Limited has announced its Initial Public Offering of 400,000 unit shares on Tuesday.
The microfinance company plans to raise Rs 40 million through the offer. After the IPO, the paid up capital of the company, which had posted a net profit of Rs 27,15,000 for the fiscal year 2070/2071, will reach Rs 10 crore from the current Rs 6 crore. After the IPO, the promoter-public ratio in the company will be 60% to 40%.
The offer will open on Chait 17 and close on Chait 20. The maximum closing date for the offer is Baisakh 2, 2072.
The company has set aside 20,000 kittas for mutual fund and 3,80,000 kittas--which includes 8,000 shares that had been earmarked for its employees--for the general public.Civil Capital Market Limited has been appointed the issue manager for the IPO.
ICRA Nepal has assigned “[ICRANP] IPO Grade 4,” to the IPO, indicating below-average fundamentals. ICRA Nepal assigns IPO grading on a scale of IPO Grade 1 through IPO Grade 5, with Grade 1 indicating strong fundamentals and Grade 5 indicating poor fundamentals.
source: sharesansar.com,24 March 2015
LINK
The microfinance company plans to raise Rs 40 million through the offer. After the IPO, the paid up capital of the company, which had posted a net profit of Rs 27,15,000 for the fiscal year 2070/2071, will reach Rs 10 crore from the current Rs 6 crore. After the IPO, the promoter-public ratio in the company will be 60% to 40%.
The offer will open on Chait 17 and close on Chait 20. The maximum closing date for the offer is Baisakh 2, 2072.
The company has set aside 20,000 kittas for mutual fund and 3,80,000 kittas--which includes 8,000 shares that had been earmarked for its employees--for the general public.Civil Capital Market Limited has been appointed the issue manager for the IPO.
ICRA Nepal has assigned “[ICRANP] IPO Grade 4,” to the IPO, indicating below-average fundamentals. ICRA Nepal assigns IPO grading on a scale of IPO Grade 1 through IPO Grade 5, with Grade 1 indicating strong fundamentals and Grade 5 indicating poor fundamentals.
source: sharesansar.com,24 March 2015
LINK
Comments
Post a Comment