Swastik Laghubitta Bittiya Sanstha IPO Allotment Concludes: Lucky 19,519 Applicants Allotted 10 Units Each via Lottery System

Swastik Laghubitta Bittiya Sanstha Limited's IPO allotment was concluded today at the premises of the issue manager, Nabil Investment Banking Limited, Naxal, Kathmandu.

The company had issued 1,95,195 units worth Rs 1.95 crores as an Initial Public Offering (IPO) to the general public (30th Shrawan, 2082 to 3rd Bhadra, 2082).

The company's issued capital was Rs. 5.77 Crores, of which 40%, i.e., 231,000 unit shares worth Rs. 2.31 Crores, was to be issued later for the general public. Of this public issue, 10% of the shares, totaling 23,100 unit shares, were allocated for Nepalese citizens working abroad. Out of the total 231,000 units, 11,550 (i.e., 5% of 231,000) were set aside for mutual funds, and 1,155 (i.e., 0.5% of 231,000) units were reserved for the company's employees. The remaining 195,195 units were for the general public.

The issue received a total of 24,36,393 valid applications for 27,418,540 units. Meanwhile, 2,300 applications were invalid.

As per the allotment module, 19,519 applicants were allotted 10 units each via lottery, and 5 applicants received 1 unit each.

Allotment Module:

The IPO result can be accessed by CDSC IPO Result, MeroShare, and Nabil Investment Banking Limited.

ICRA Nepal has downgraded the issuer rating of Swastik Laghubitta Bittiya Sanstha Limited (SLBSL) from [ICRANP-IR] B+@ to [ICRANP-IR] B@, while maintaining the status as ‘Watch with Negative Implications’. The rating reflects a general opinion on the company's creditworthiness and does not apply to any specific debt instrument.

Swastik Laghubitta Bittiya Sanstha Limited (SLBSL), established in October 2018 and operating in Madhesh Province since March 2019, is a class-D microfinance institution headquartered in Lahan, Siraha. The company reported a net loss of approximately NPR 1.38 million in FY2024, a sharp 138% year-on-year decline, with an asset base of NPR 613 million. In Q1FY2025, it incurred a further net loss of around NPR 0.03 million, with assets rising to NPR 703 million. As of mid-October 2024, SLBSL's gross non-performing loans (NPLs) stood at 11.15%, and its capital adequacy ratio (CRAR) was 8.97%.