IPO allotment of Janasewi Laghubitta concludes; lucky 43,229 investors get 10 units each and remaining 2,90,968 applicants return empty hand

IPO allotm...

The IPO shares of Janasewi Laghubitta Bittiya Sanstha Limited is allotted at 3:00 PM today i.e. Jestha 6, 2076 at the premises of NMB Capital Limited.

Janasewi Laghubitta Bittiya Sanstha Limited had issued 4,63,300 units ordinary shares worth Rs 4.63 crore to the general public from Jestha  27-31, 2076. Out of the offered 4,63,300 units; 7,145 units have been allotted for the employees of the company and 23,165 units have been allotted for the mutual funds. The remaining 4,32,990 units are for the general public.

This issue had received applications from 3,34,197 valid applicants who had applied for a total of 60,66,580 units. The issue was oversubscribed by more than 14.01 times. 


As per the allotment module, total 43,229 applicants were allotted 10 units each via lottery and remaining 2,90,968 applicants were returned empty hand. 

The total 677 applicants who applied for 12,560 units were invalid. 

The IPO result can be accessed by sharesansar.com- IPO result page soon.

NMB Capital Limited has been appointed as the issue manager for the IPO issuance.

The microfinance institution currently has issued capital of Rs 14.43 crore and paid up value of Rs 9.8 crore. After the issuance of the IPO shares, the paid up value  will scale up to Rs 14.43 crore.

Yesterday, Janasewi Laghubitta had signed a MoU to merge with Kalika Laghubitta Bittiya Sanstha Limited (KMCDB). 

As per the company officials of Janasewi, the name of the merged institution will be Jana Kalika Microfinance and the swap ratio will be 1:1. The company is discussing to do IPO listing post merger under the name Jana Kalika. The current rule dictates that the listing be done within 30 days, but even if the shares get listed now it wont be tradable as it is undergoing merger with KMCDB. And post merger it will again have to change company name, therefore SEBON has asked to submit a letter specifying the same and considerations will be made.

Kalika Laghubitta Bittiya Sanstha to merge with Janasewi Laghubitta Bittiya Sanstha; NEPSE halts trading in security of the microfinance company

ICRA Nepal Limited has assigned a [ICRANP] IPO Grade 4 (Pronounced as ICRA NP IPO Grade Four) to the Rs.4.63 crore worth of Initial Public Offer of Janasewi Laghubitta Bittiya Sanstha Limited. Instruments with this grading are considered to have below-average fundamentals.

The central office of the company is located in western region of Nepal, Kusma , Parbat and working area is 10 District: Parbat, Rukum, Kaski, Baglung, Rolpa, Gulmi, Tanahun, Gorkha, Lamjung and Magdi.