IPO of Infinity Laghubitta Bittiya Sanstha opens from Jestha 13

IPO of Infinity Laghubitta Bittiya Sanstha opens from Jestha 13

Infinity Laghubitta Bittiya Sanstha started out its operation from Magh 07, 2073 as a Class D economic group licensed with the aid of Nepal Ratra Bank. It’s registered head office is located at Gandaki Province, Nawalpur District, Gaidakot 01, Kaligandaki Chowk. The company’s predominant commercial enterprise is providing microfinance loans based totally on the Joint Liability Group (JLG) model.

It has 5 experienced participants on board led via Mr. Khemraj Nepal who has 29 years of journey and was once retired as Secretary of Nepal Government is the chairman of the company. The enterprise is promoted through 88 person promoters who belong from various background. The day to day operations of the organization are headed via Mr. Prabin Kumar Lama who is the chief government officer of the company.

Infinity Laghubitta Bittiya Sanstha Limited is issuing 6,74,300 devices regular shares well worth Rs 6.74 crore to the accepted public from Jestha 13, 2076. The early closing date of this IPO trouble is on Jestha 16, 2076 and if the issue is no longer subscribed until Jestha sixteen then this issue can be prolonged upto Ashad 10, 2076.

Out of the supplied 6,74,000 units; 33,700 units have been distributed for the mutual funds. The ultimate 6,40,300 gadgets (including 10,370 set aside for employees of the company) for the normal public.

Applications can be place for minimum 10 gadgets and maximum 3,370 units. Application can be placed from the monetary institutions offering C-ASBA facility or thru Meroshare.

Civil Capital Market Limited has been appointed as the problem supervisor for the IPO issuance.

After the IPO issue, organization paid up capital will be Rs 20.74 crore and promoter and public shareholding ratio will be 67.50:32.50.

Care Rating Nepal Limited has reaffirmed grading of „CARE-NP IPO Grade 4‟ to the proposed Initial Public Offer (IPO) of Infinity Laghubitta Bittiya Sanstha Ltd.

Infinity Laghubitta earned Rs 2.19 crore till Q3 of the modern FY.

CARE Nepal has assigned grading of “CARE-NP IPO Grade 4‟ to the proposed Initial Public Offer (IPO) of Infinity Laghubitta Bittiya Sanstha Ltd. (ILBSL). Rating shows under common fundamentals. ILBSL proposes IPO issue of 674,000 equity shares of face price of Rs.100 each at par aggregating Rs.67.40 Million.

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