IPO Closing Alert: Shrijanshil Laghubitta Closing 3,93,750 units IPO shares Issue from Today

Shrijanshil Laghubitta Bittiya Sanstha Limited (SHLBSL) is closing its IPO issue to the general public from today (Bhadra 19). This IPO issue was opened on Bhadra 15.

3,93,750 unit shares worth Rs. 3.93 crores are issued at a par value of Rs. 100 per share. This is 36% of the company's issued capital.

Out of the total issue; 0.5% of the total shares i.e 5,470 unit shares have been allocated to the employees of the company, whereas 5% of the IPO shares i.e 19,690 unit shares are reserved for the different mutual fund schemes. The remaining 3,68,590 unit shares are for the general public. The paid-up capital of the company after the IPO issuance will be Rs. 10.93 crores.

Sunrise Capital has been appointed as the issue manager for the IPO issuance. Interested investors can apply for a minimum of 10 shares to a maximum of 1000 shares.

According to CDSC, 1,304,205 applicants have applied for a total of 14,480,370 units. Thus, the issue is already oversubscribed by 39.28 times so far.

CARE Ratings Nepal Limited (CRNL) has assigned a rating of ‘CARE-NP BB- (Is)’ [Double B Minus (Issuer)] to Shrijanshil LaghubittaBittiya Sanstha Limited (SHLBSL). Issuers with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.

Shrijanshil Laghubitta Bittiya Sanstha (SHLBSL) is a national level 'D' class Financial institution incorporated in 2075 BS. Register on Company Registrar Office of Government of Nepal on 2075 BS under Company Act 2063 with registration number 20133/075/076 and received ‘D’ class institution license from Nepal Rastra Bank (Central Bank of Nepal) in 2075 BS with License number 91/075/076.

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