IPO closing day of Sabaiko Laghubitta ; investors are requested to apply before 5 PM today
Sun, Jul 21, 2019 8:45 AM on IPO/FPO News, Latest,
Sabaiko Laghubitta Bittiya Sanstha Limited is closing the issue of 5,30,000 units ordinary shares worth Rs 5.30 crore to the general public from today (Shrawan 5, 2076). This issue is already oversubscribed in the first day.
Out of the offered 5,30,000 units; 0.5% of issue capital i.e. 8,250 units have been set-aside for the employees of the company and 5% of total offered share to general public i.e. 26,500 units have been set-aside for the mutual funds. The remaining 4,95,250 units are for the general public.
IPO of Sabaiko Laghubitta opens from Shrawan 1; Things to know before applying
Applications can be place for minimum 10 units and maximum 2,000 units. NIBL Ace Capital Limited has been appointed as the issue manager for the IPO issuance.
The microfinance collected Rs.33.65 Crore as deposits and floated Rs.1.41 Arba as loans and advances by the end of the third quarter of the current fiscal year. The Non-Performing Loan (NPL) of the microfinance company stands at 0.19%.
In the third quarter of the fiscal year 2075/76, the net profit of the company has been reported to be Rs.2.19 Crore compared to a net loss of Rs.32.20 Lakhs reported in the corresponding quarter of the previous year.
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