Jalpa Samudayik Laghubitta Bittiya Sanstha Limited has issued an invitation letter to issue ordinary shares (IPO) to the public. Jalpa Samudayik Laghubitta has issued 5 lakh 22 thousand units of IPO. Prabhu Capital is the sales manager of the company for issuing IPO from Magh 21, 2078.
Labhubitta has secured 0.5 percent of the total 522,000 shares to be issued, or 8,000 shares to employees and 5 percent of the shares allotted to the public, or 26,100 shares to collective investment funds. The general public will be able to apply for the remaining 487,900 shares.
Applications for the IPO can be submitted as early as Magha 25th and as late as Falgun 6th. Investors will be able to apply for a minimum of 10 units and 5,220 units.
The IPO issuance and sales manager is Prabhu Capital Limited. Interested applicants can apply through C-ASWA member banks and financial institutions and through MeroShare website and app.
ICRA Rating Nepal has given microfinance ICRA NP IR Double B rating in the credit rating for IPO issuance. This indicates that there is a moderate risk in fulfilling financial obligations on time.
At present, the paid-up capital of microfinance is Rs. 107.8 million. After the IPO allotment, the paid-up capital of microfinance will reach 160 million.
Jalpa Laghubitta Bittaya Sanstha Limited, headquartered in Kaski, and Mahila Samudayik Laghubitta Bittaya Sanstha Limited, headquartered in Dang, merged to form Jalpa Samudayik Laghubitta Bittaya Sanstha Limited. The organization covers 20 districts.
IPO Issue Date: 2078-10-21
IPO Closed Date (Early): 2078-10-25
IPO Closed Date (Lately): 2078-11-6
Total IPO Units: 5,22,000
Minimum Units to Apply: 10 Units
Maximum Units to Apply: 5220 units
IPO Rate: Rs. 100
