Janasewi and Swabhimaan Laghubitta IPO opening from Baisakh 27; See the company’s fundamentals
May 8, 2019 | Investopaper
Two companies are going to issue Initial Public Offering (IPO) from Baisakh 27, 2076. The companies are:
Janasewi Laghubitta Bittiya Sanstha Limited
Janasewi Laghubitta will issue 4,63,300 shares worth Rs. 4.63 crores as the IPO from Baisakh 27, 2076. The IPO issue size is 32.10 percent of the total issued capital. The total issued capital of the company is Rs. 14.43 crores. 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.
Securities Board of Nepal approved the IPO issue of Janasewi on Baisakh 2, 2076. 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
Swabhimaan Laghubitta Bittiya Sanstha Limited
Likewise, Swabhimaan Microfinance will also issue 198,610 shares to the general public worth Rs. 1.98 crores from Baisakh 27, 2076. The total issued capital of the company is Rs. 6.19 crores. After the issue of the IPO, the general public will possess 32.11 percent shares in the company.
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.
SEBON provided the IPO approval of Swabhimaan Microfinance on Baisakh 11, 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
