Swabhimaan Laghubitta IPO on Baisakh 27; How is the company’s performance?
May 2, 2019 | Investopaper
Swabhimaan Laghubitta Bittiya Sanstha Limited is going to issue IPO from Baisakh 27, 2076. The company will issue 198,610 shares in the initial public offering.
Before investing in the IPO, it is necessary that the investors examine the financial performance of the company. The company has published the third-quarter report of 2075/76. Based on the unaudited report, the company has paid-up capital of Rs. 4.2 crores with Rs. 1.18 crores in reserves and surplus. The microfinance has made a profit of Rs. 1.45 crores by lending Rs. 70 crores until the third quarter. The EPS stands at impressive Rs. 46 with NPL at 0.55 percent. The cost of fund is 10.54 percent.
Related: How to apply IPO/FPO/Right Share through Mero Share?
After the issue of the IPO, the paid-up capital will rise to Rs. 6.19 crores. The company is expected to receive a good response from the investors in the IPO.
