Kathmandu. Today is the last day for filing the IPO of Swastik Laghubitta Financial Institution. The company has opened the IPO sale for the general public from July 15. In the second phase, the company has issued a public issue of ordinary shares for the general public. In the first phase, the organization has opened and distributed the IPO for Nepalis in foreign employment.
The Securities Board of Nepal had allowed Swasthit Microfinance to issue ordinary shares worth Rs 23.1 million, representing 40 per cent of the issued capital of Rs 57.75 million. In the first phase, the company had sold a total of 23,100 units of shares to Nepalis in foreign employment at a face value of Rs 100.
Similarly, out of the total 231,000 units. A total of 1,155 units of 5 per cent shares have been set aside for the employees and 11,550 units for the mutual funds and the remaining 195,195 units will be open for the general public.
Investors can apply for a minimum of 10 units and a maximum of 5,000 units. Investors can apply for purchase from the c-ASWA service approved by the Securities Board of Nepal and the branches designated by them as well as my share of CDSC.
Nabil Investment Banking is the IPO sales manager of Swastik Laghubitta.
