Jalpa Samudayik Laghubitta closing IPO issue from today; IPO already applied by 22,14,919 applicants

Jalpa Samudayik Laghubitta Bittiya Sanstha Limited is closing the IPO issue for 5,22,000 shares from today i.e Magh 25. This IPO issue was opened on Magh 21

0.5% of the issued capital, i.e. 8,000 units have been set aside for the employees of the company and 5%, i.e. 26,100 units to mutual funds. The remaining 4,87,900 units are purely for individual investors. Investors can apply for a minimum of 10 units and a maximum of 5,220 units.

According to CDSC, 22,14,919 applicants have applied for a total of 2,72,57,070 units. This is the data as of 5 pm yesterday. Thus, the issue has already been oversubscribed 55.86 times on the third day itself.

ICRA Nepal Limited has assigned the [ICRANP-IR] BB rating to the IPO of Jalpa Samudayik Laghubitta Bittiya Sanstha Limited. Issuers with this rating are considered to have a moderate risk regarding timely servicing of financial obligations, in Nepal.

Offer Letter