IPO for General Public: Shrijanshil Laghubitta Issuing 3,93,750 units IPO shares from Today

Shrijanshil Laghubitta Bittiya Sanstha Limited (SHLBSL) is opening its IPO issue to the general public from today (Bhadra 15).

The IPO issue will close on 19th Bhadra, 2079. If not subscribed by the early closing date, the issue will close on 29th Bhadra. 3,93,750 unit shares worth Rs. 3.93 crores will be 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.

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.

Offer Letter