Suryodaya Laghubitta Bittiya Sanstha Limited had floated its Initial Public Offering (IPO) of 1, 20,000 unit shares worth Rs 1.20 crore from Bhadra 12, 2073 till Bhadra 15, 2073. The IPO has been oversubscribed by more than 340.44 times till last day.
As per the official of Suryodaya Laghubitta Bittiya Sanstha, “The total collection of the IPO reached Rs 3 arba 71 crore 76 lakh till last day. Around 1 lakh 11 thousand 521 application forms were received till date.”
| Suryodaya Laghubitta IPO collection |
| Days |
Total Collection |
Oversubscribed |
Number of Application Forms |
| First day |
37 crore 21 lakh |
34.08 times |
11,169 |
| Second day |
57 crore 88 lakh |
53.10 times |
18,466 |
| Third day |
90 crore 65 lakh |
83.16 times |
28,761 |
| Fourth day |
1 arba 85 crore |
169.72 times |
53,126 |
| Total |
3 arba 71 crore 70 lakh |
340.44 times |
1,11,522 |
Interested investors were required to apply for a minimum of 50 units of share and they can apply for up to 1,000 units of share.
The microfinance company has set aside 4,800 unit shares for its employees and 6,000 unit shares for the existing seven 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 1, 09,200 unit share to the general public.
The microfinance company plans to raise Rs 1.20 crore through the offer. After the IPO, it’s paid up will reach Rs 4 crore from the current Rs 2.80 crore. It’s authorized capital stands at Rs 8 crore.
After the IPO, the promoter-public ratio of the company will be 70 % to 30%.
The head office of the company is located at Putali Bazar of Syangja whereas its working areas are Baglung, Myagdi, Parbat, Syangja, Manang, Lamjung, Mustang, Gulmi, Pyuthan and Rolpa.
Suryodaya Laghubitta has earned net profit of Rs 1.49 crore in the fourth quarter of the last fiscal year 2072/73. The microfinance company has paid up capital of Rs 2.8 crore.
