Jeevan Bikas Laghubitta IPO Allotment Concludes (IPO Result !!!)

July 7, 2021 | Investopaper

IPO Allotment Of Jeevan Bikas Laghubitta

NMB Capital Limited has concluded the allotment of IPO shares of Jeevan Bikas Laghubitta on Wednesday. After the allotment, 1,84,801 received 10 shares each while the five applicants have received 11 shares of the microfinance.

A total of 2,087,317 people had applied for 312,999,340 shares in the initial public offering (IPO). Of them, 3,471 applications were disqualified and 65,538 applications were rejected by ASBA, according to NMB Capital.

To view the IPO result of Jeevan Bikas Laghubitta, click the link below:

Jeevan Bikas Laghubitta IPO

Jeevan Bikas Laghubitta Bittiya Sanstha Limited sold the shares in the public offering (IPO) from Ashad 11, 2078 BS. Due to the oversubscription of shares, the IPO was closed on Ashad 15, 2078 BS. If it had remained under-subscribed, the deadline for application would have extended to Ashad 25, 2078 BS.

Securities Board of Nepal (SEBON) had provided the approval on Jestha 30, 2078 BS for the IPO issuance. The company had submitted an application to the board on Falgun 17, 2077 BS.

Jeevan Bikas Laghubitta issued 19,77,300 unit shares in the IPO. The par value of each share is Rs 100. Hence, the total public issue amounts to Rs 19.77 crores.

Out of the total public issue, 30,420 shares was reserved for the employees. Likewise, mutual fund schemes received 95,865 shares. Therefore, the general public participated in the remaining 18,48,015 shares.

NMB Capital Limited was the issue manager for the IPO.

One could apply for a minimum of 10 shares and a maximum of 1,000 shares.

After the public offering, the general public will have 32.50 percent ownership of the company. Likewise, the promoters will hold 67.50 percent shares.

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About Jeevan Bikas Laghubitta Bittiya Sanstha Limited

Jeevan Bikas Laghubitta Bittiya Sanstha Limited is a ‘D’ class microfinance institution licensed by Nepal Rastra Bank. It is a national-level microfinance company of Nepal, promoted by Jeevan Bikas Samaj (Non-Governmental Organization). It started its microfinance operation on Falgun 16, 2075 BS.

The company has successfully completed a merger with Garibi Nyunikaran Laghubitta, Rajbiraj & Solve Laghubitta, Dhankuta and started joint operation from Bhadra 22, 2077 BS.

As of Chaitra end 2077 BS, Jeevan Bikas Laghubitta has a paid-up capital of Rs 41.06 crores. Likewise, it has a reserve and surplus of Rs 118.39 crores. The company has floated Rs 20.07 Arba as loans and advances. [Based on Unaudited Q3 Report, FY 2077/78]


Jeevan Bikas Laghubitta Completes Merger With Garibi Nyunikaran Laghubitta & Solve Laghubitta


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