Janasewi and Swabhimaan Laghubitta IPO opening today; Is it a good investment?
May 10, 2019 | Investopaper
Two companies are going to issue Initial Public Offering (IPO) from Baisakh 27, 2076 i.e. today.
Janasewi Laghubitta is issuing 4,63,300 shares worth Rs. 4.63 crores as the IPO. Out of the IPO issue of 4.63 lakh units, 23,165 shares are allotted to the mutual funds whereas 7,145 shares are reserved for the employees of the company. The general public can apply for remaining 4,32,990 shares.
Related: How to apply IPO/FPO/Right Share through Mero Share?
The IPO issue will remain open until Baisakh 31, 2076. If the issue isn’t fully subscribed until that period, it will extend to Jestha 26, 2076.
Interested Investors can apply for a minimum of 10 shares and a maximum of 1,000 shares at a par value of Rs. 100.
ICRA Nepal has provided Grade 4 ratings for the IPO of Janasewi Laghubitta which indicated below average fundamentals of the company. NMB Capital is the issue manager for the Janasewi Laghubitta IPO.
To see the performance of Janasewi Laghubitta, click on the link: Financial Highlights of Janasewi Laghubitta
Likewise, Swabhimaan Microfinance is issuing 198,610 shares to the general public worth Rs. 1.98 crores from Baisakh 27, 2076. Out of the IPO issue of 198,610 shares, 3,093 shares are reserved for the employees of the company while 9,930 shares are allotted to the mutual funds. The general public will participate in the remaining 1,85,587 shares.
Applications can be placed for a minimum of 10 shares and a maximum of 5,000 shares at a par value of Rs. 100.
The IPO issue will close on Baisakh 31, 2076 if the issue is fully subscribed. Otherwise, it will extend to Jestha 26, 2076. Siddhartha Capital is the issue manager for the IPO.
To see the performance of Swabhimaan Laghubitta, click on the link: Financial Highlights of Swabhimaan Laghubitta
Since microfinance company IPO has always attracted a lot of investors, it would be wise to apply for 10 units shares of each company at Rs. 1000.
