Adarsh Microfinance issued IPO, how long can the application be given?
Adarsh Microfinance Financial Institution Limited is going to issue IPO to the public from June 15. The company is going to distribute 67,000 IPOs at the face value of Rs 100 per share, equivalent to Rs 6.7 million. Out of the total IPOs distributed to the public, 0.5 percent or 1,035 shares have been reserved for the employees of the company. The company has already distributed 5 percent or 3,350 shares to the collective investment fund. Apart from these, the remaining 62,615 IPO lots are about to go public. There is a provision to demand minimum 10 lots and maximum 1000 lots for the purchase of this IPO. Applications for the IPO can be submitted till June 19. If the demand is not received within that period, the IPO will be on sale till June 29. However, looking at the trend of applications in previous IPOs, it seems that this IPO will be on sale only till June 20. This IPO sales manager is B.O.K. Capital Market Limited. Capital structure of the company: The authorized capital of the…
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