Nepal Agro Laghubitta IPO opens from today. How much to apply?

April 21, 2019 | Investopaper

Nepal Agro Laghubitta is issuing shares worth Rs. 1.61 crore to the general public from today i.e. Baisakh 8, 2076. The company is floating a total of 1,61,778 units shares to the public at a subscription price of Rs. 100 per share.

Related: How to apply IPO/FPO/Right Share through Mero Share?

Out of these units,2,489 units (0.5%) and 8,089 units have been separated for the employees of the company and mutual funds respectively. The general public can apply for the remaining 1,51,200 shares.

The total issued capital is Rs. 4.98 crores. The promoters of the company will possess 67.50 percent shares of the company after the IPO.

The IPO issue will close on Baisakh 11, 2076 if fully subscribed until that period. Otherwise, it will extend to Jestha 6, 2076.

The applications can be placed from a minimum of 10 to a maximum of 800 units. Nepal SBI Merchant Banking Limited is the issue manager of the IPO issue. Looking at the massive response of the previous IPO of microfinance, this share issue will also be allotted through the lottery. So, it would be wise to apply for 10 units.

As per the second quarterly report, the share capital stands at Rs. 3.36 crore. Similarly, the reserve stands at 23.59 lakhs. On the other hand, the company reported the net profit of Rs. 72.20 lakhs and net interest income of Rs. 1.04 crore for the same period.

As of now, the company operates in 10 districts and its central office is located in Pokhara.








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