Kathmandu. Swastik Laghubitta Financial Institution will be able to apply for the IPO which is being sold in the first phase till July 30. The company had opened the IPO sale from July 15. The Securities Board of Nepal has allowed Swastik Laghubitta to issue an IPO worth Rs 23.1 million. Accordingly, the company will issue a total of 231,000 units of shares at a face value of Rs 100 each.
In the first phase, the company has issued a total of 23,100 units of IPO for Nepalis in foreign employment. In this IPO, they can apply for a minimum of 10 units and a maximum of 5,000 units.
Nepalis in foreign employment can also apply from all aswa member banks and financial institutions approved by the Securities Board and their designated branches and my share of CDSC.
In the second phase, the company will reserve 1,155 units of 0.5 percent shares to the employees and 11,550 units of shares of 5 percent will be reserved and the rest will be issued to the general public. Nabil Investment Banking is the ipo sales manager of the company.
ICRA Nepal has given ICRA NP Issuer Rating B Atdar rate to microfinance in the rating for the IPO issue. This indicates that there is a high risk of being able to fulfill financial obligations during microfinance.
