IPO of Sadhana Laghbubitta, oversubscribed by 16.44 times

Jul Wed 2020 10:28:57

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IPO of Sadhana Laghbubitta, oversubscribed by 16.44 times

Sadhana Laghubitta Bittiya Sanstha Limited has been issuing 7,07,800 units ordinary shares worth Rs 7.07 crore to the general public . In case of oversubscription, the early closing date of this IPO issued.

As per the issue manager Global IME Capital Limited, the issue has received approx 4,47,123 applications applying for a total of 1,08,79,830 units of shares till 5 PM today. The issue has been oversubscribed by almost 16.44 times in four days of the IPO closing day. 

Applications could be placed for a minimum of 10 units and a maximum of 1,000 units.

ICRA Nepal has assigned a grading of [ICRANP] IPO Grade 4+, indicating below-average fundamentals, to the proposed initial public offering (IPO) of Sadhana Laghubitta Bittiya Sanstha Limited.