Kathmandu. Swastik Laghubitta Financial Institution is going to open the IPO sale for the general public from August 15.
In the second phase, the company is going to issue ordinary shares to 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, 1,155 units comprising 0.5 per cent have been set aside for employees and 11,550 units of 5 per cent have been set aside for mutual funds.
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.
The IPO issue of Swastik Laghubitta will be closed at the earliest on August 15 and late on September 15 after the banking hours. Nabil Investment Banking is the IPO sales manager of Swastik Laghubitta.
