Kathmandu, April 12
Upakar Laghubitta Bittiya Sanstha has extended the deadline of ongoing initial public offering by one day till Wednesday.
Now the issue will close on April 13. As per the company, the deadline has been extended to compensate a public holiday in between the issue that lied on April 10.
The company is issuing 236,250 units of primary shares worth Rs 23.6 million for the general public from April 8. Out of the total offered units, the company has allocated 0.5 percent i.e. 3,281 units to employees and 5 percent i.e. 11,813 units to mutual funds. The general public can apply for the remaining 221,156 units of shares.
The interested investors can apply from all C-ASBA approved BFIs and meroshare software.
The company has appointed Nepal SBI Banking Merchant as its issue manager. The interested investors can apply for a minimum of 10 and a maximum of 1,000 units of shares.
ICRA Nepal has assigned BB- rating to the issue indicating moderate risk.
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