Dhaulagiri Laghubitta Closing IPO Issue from Today; IPO Already Oversubscribed

Dhaulagiri Laghubitta Bittiya Sanstha Limited (DLBS) is closing the IPO issue of 3,31,000 units of Rs 100 face value of total worth Rs. 3.31 crore to the general public from today Shrawan 29, 2079. This IPO issue was open since Shrawan 24.

Out of the offered 3,31,000 units; 0.5% of the total capital i.e. 5,155 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 16,550 units have been set aside for the mutual funds. The remaining 3,09,295 units are for the general public. This is the 32.105% shares of the issued capital.

According to CDSC, 17,60,835 applicants have applied for a total of 1,96,63,810 units. This data is till 10 AM today. Which means that the issue has already been oversubscribed by 63.30 times.

Applications can be placed for a minimum of 10 units and a maximum of 1000 units. Sunrise Capital Limited has been appointed as the issue manager for the IPO issuance.

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

Dhaulagiri Laghubitta Bittiya Sanstha Limited (DLBS) is a “D” class National Level microfinance institution. It was incorporated on July 03, 2018, and commenced operations in February 2019. It is primarily engaged in providing microfinance loan based on the Joint Liability Group (JLG) model with each group consisting of minimum five members.

Offer Letter