Upakar Laghubitta Bittiya Sanstha Limited has opened its IPO issue today, i.e. on 25th Chaitra. The issue will close on 29th Chaitra, 2078 since it has already been oversubscribed on the first day itself.
The company had submitted an application to SEBON requesting to issue 36% of its issued capital in the form of an IPO. The proposal was submitted on Shrawan 13. SEBON then approved the application on Chaitra 07.
The company has a total of 6,56,250 registered shares of which 2,36,250 shares are being issued in the upcoming IPO. Thus, the IPO will raise a total of Rs. 2,36,25,000 in paid-up capital. Of the total public issue, 0.5%, i.e. 3,281 shares have been reserved for employees while 5%, i.e. 11,813…
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