Jalpa Samudayik Laghubitta To Close IPO From Magh 25

February 8, 2022 | Investopaper

Jalpa Samudayik Laghubitta Bittiya Sanstha Limited is currently issuing the Initial Public Offering (IPO) from Magh 21, 2078 BS. Due to over-subscription of shares, the issue will close on Magh 25, 2078 BS. If it had remained under-subscribed until that period, the deadline for application will extend until Falgun 6, 2078 BS.

The microfinance is planning to issue 5,22,000 unit shares in the IPO. The face value of each share is Rs 100. Hence, the total public issue amount is Rs 5.22 crores.

Out of the total public issue, 8,000 shares are reserved for the employees of the company and 26,100 shares are reserved for the mutual fund schemes. Hence, the general public will participate in the remaining 4,87,900 shares.

One can apply for a minimum of 10 shares and a maximum of 5,220 shares.

Securities Board Of Nepal (SEBON) has provided the approval to the company for IPO issuance. The hydropower company had submitted the application on Ashad 20, 2078 BS to the board.

For the public offering, Jalpa Laghubitta has appointed Prabhu Capital Limited as the issue and sales manager. The agreement was signed by Bimala Yogi, Chief Executive Officer of Jalpa Samudayik Laghubitta and Dinesh Thakali, Managing Director on behalf of Prabhu Capital.

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About Jalpa Samudayik Laghubitta Bittiya Sanstha Limited

Jalpa Samudayik Laghubitta is a ‘D’ class microfinance institution licensed by Nepal Rastra Bank. It started it operation from March 15, 2019. The head office is located at Pokhara, Kaski. The microfinance has a working area of 10 districts.

As of Ashwin’s end, 2078 BS, Jalpa Samudayik Laghubitta has a paid-up capital of Rs 10.78 crores. The company has floated Rs 4.22 Arba as loans and advances (Unaudited Q1 Report, FY 2078/79).

After the issue of IPO, the paid-up capital will increase to Rs 16 crores.

Suggested Reading:

List of ‘D’ Class Microfinance Companies In Nepal


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