Chautari Laghubitta Bittiya Sanstha Limited (CHAUTARI) Initial Public Offering (IPO) share issue is reaching its deadline today Sunday 9th December 2018 (23rd Mangsir 2075). The company has been issuing 600,000 unit shares worth Rs 60 million (Rs 6.0 crores) at the face value rate of Rs 100 per unit share, starting immediately from last Wednesday 5th December 2018 (19th Mangsir 2075).
NIBL Ace Capital Ltd. has been appointed as the issue and sales manager of the company. The microfinance company is already oversubscribed by about 22.25 times with an overwhelming public response, attracting over 202,369 applications worth Rs 1.25 billions (Rs 1.25 arabs) demanding 12,479,780 unit shares so far till the third day Friday 7th December 2018 (21st Mangsir 2075).
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