16/06/2018
IPO COMING SOON....
Nadep Laghubitta Bittiya Sanstha to issue IPO for 4,80,000 unit shares from Ashad 10th till Ashad 13th; Capital to reach Rs 16 crore
Fri, Jun 15, 2018 9:01 AM on IPO/FPO News, Latest, Stock Market,
Nadep Lagh...
Nadep Laghubitta Bittiya Sanstha Limited (NADEP) is going to issue 4,32,000 unit shares at par value of Rs 100 for public. From the 4,80,000 units shares, 24000 units i.e. 5% is separated for the employees of NADEP and 24,000 units i.e. 5% is separated for the Mutual Funds. The remaining 90% is open for general public. The issued IPO is 30% of its total capital.
The applicants should apply for minimum 20 unit shares to maximum 2,400 units. The issue will open from Ashad 10th, 2075 till Ashad 13th, 2075. In any contingency, the issue will open till Shrawan 7th, 2075 at the latest.
Nabil Investment Bank Limited has been appointed as the issue manager for the issue. ICRA Nepal, the credit rating agency has assigned ‘Grade 4+’ rating to the proposed Initial Public Offering (IPO).
NADEP earned Rs 4.46 crore in the third quarter of the fiscal year 2074/75. It has paid-up capital of Rs 11.20 crore with reserve of Rs 15.57 crore in Q3.
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Recent News from NADEP Laghubitta Bittiya Sanstha Limited
18 May, 2018
SEBON approves 4.80 lakh unit IPO of NADEP Laghubitta; Capital to reach Rs 16 crore
8 May, 2018
NADEP Laghubitta bittiya reports Rs 4.46crore Net Profit; EPS stands at Rs 53.11
8 Apr, 2018
ICRA Nepal assigns grade 4+ to upcoming IPO issue of Nadep Laghubitta Bittiya Sanstha
23 Feb, 2018
Nadep Laghubitta posted EPS & Net worth of Rs 54.72 & Rs 238.12 in Q2 respectively; issuing 4.8 lakh unit IPO shares