RSDC Laghubitta Bittiya Sanstha Limited had issued 4 lakh unit shares worth Rs 4 crore as part of its initial public offering (IPO) from from Bhadra 5, 2073 till Bhadra 8, 2073 at face value of Rs 100. The IPO has been oversubscribed by 222.84 times till last day.
Mr.Badri Pyakurel, Merchant Banking head of NIBL Capital Markets Limited, The total collection of the IPO is approximately Rs 8 arba 29 crore till last day. Around 1 lakh 58 thousand application forms were received till date. It is only tentative data final data may vary.”
| RSDC Laghubitta IPO collection |
| Days |
Total Collection |
Oversubscribed |
Number of Application Forms |
| First day |
82 crore |
22.04 times |
17,000 |
| Second day |
1 arba 16 crore |
31.18 times |
25,,500 |
| Third day |
1 arba 80 crore |
48.38 times |
40,000 |
| Fourth day |
4 arba 51 crore |
121.23 times |
75,500 |
| Total |
8 arba 29 crore |
222.84 |
1,58,000 |
Interested investors were required to apply for a minimum of 50 units of share and they can apply for up to 4,000 units of share.
The microfinance company has set aside 8, 000 unit shares for its employees and 20, 000 unit shares for the existing 7 mutual fund companies. The mutual fund schemes are Nabil balance fund-1, NMB Sulav Investment Fund – 1, NIBL Sambriddhi Fund – 1, Laxmi Value Fund -1, Siddhartha Equity Oriented Scheme, Siddhartha Investment Growth Scheme- 1 and Global IME Sammunati Fund. The company has set aside 3, 72, 000 unit share to the general public.
NIBL Capital Markets Limited has been assigned as the issue manager for IPO.
The microfinance company plans to raise Rs 4 crore through the offer. After the IPO, the paid up will reach Rs 10 crore from the current Rs 6 crore. It’s authorized capital stand at Rs 20 crore.
After the IPO, the promoter-public ratio of the company will be 60 % to 40%.
RSDC Laghubitta earned net profit of Rs 1.50 crore in Q4 of the last fiscal year 2072/73.
ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below average fundamentals to the proposed initial public offering (IPO) of RSDC Laghubitta.
