Last Day to Apply for IPO of Jalpa Samudayik Laghubitta

News 08 Feb 2022 4465

Jalpa Samudayik Laghubitta Bittaya Sanstha Limited IPO

Today (Magh 25, 2078 / 8th February 2022) is the last day for Jalpa Samudayik Laghubitta Bittiya Sanstha Ltd. to apply for IPO, which has been open for issue and sale since 21st Magh 2078 / 4th February 2022. Labhubitta had issued 522,000 IPOs worth Rs 52.2 million.

According to CDS & Clearing, 2,214,919 applicants have applied for 2,72,57,070 shares worth Rs 2.72 billion by 6:15 pm on Monday. This is 55.87 times more than the 4,87,900 allotted to the general public.

Jalpa Samudayik Laghubitta has secured 0.5 percent or 8,000 shares of the total 522,000 shares issued to employees and 5 percent of the shares allotted to the public, i.e. 26,100 shares to collective investment funds. The general public will be able to apply for the remaining 487,900 shares.

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 the MeroShare website and app.

ICRA Rating Nepal has given ICRA NP IR Double B rating to Jalpa Samudayik Laghubitta in the credit rating for the IPO issue. This indicates that there is a moderate risk in fulfilling financial obligations on time.

At present, the paid-up capital of Jalpa Samudayik Laghubitta is Rs. 107.8 million. After the IPO allotment, the paid-up capital of Laghubitta will reach 160 million.

IPO IPO Date
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