Last day to apply for IPO of Janasewi Laghubitta and Swabhiman Laghubitta

May 14, 2019 Merolagani

Today is the last day to apply for IPO of Janasewi Laghubitta and Swabhiman Laghubitta. Both companies started issuing IPO from May 10.

Janasewi Laghubitta(JSLBSL) is issuing 32.10 percent shares of the issued capital of Rs 144.3 million. The company is issuing 463,300 units of shares worth Rs 46.3 million to the general public.

The company has appointed NMB Capital as its issue manager. The interested investors can apply for a minimum of 10 to maximum of 1000 units of shares through all C-ASBA approved BFIs and meroshare software.

Out of the total offered shares, the company has allocated 23,165 to mutual funds and 7145 units to employees. The public can apply for remaining 432,990 units of shares. After the IPO issuance, the paid-up capital of the company will amount Rs 144.3 million.

ICRA Nepal has assigned grade 4 to the IPO indicating below average fundamentals.

Similarly, Swabhiman Microfinance (SMBSL) is issuing 32.11 percent i.e., 198,610 units shares of its issued capital.

Out of the total offered shares, the company allocated 3,093 units of shares to employees and 9,930 units to mutual fund. The general public can apply for the remaining 185,587 units of shares.

The company has appointed Siddhartha Capital as its issue manager. The interested investors can apply for a minimum of 10 to maximum of 5,000 units of shares from all C-ASBA approved BFIs and through meroshare software.

Presently, the company has a paid-up capital of Rs 42 million that will reach Rs 61.8 million after the IPO.


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