Janasewi Laghubitta IPO oversubscribed almost 11 times while Swabhimaan Laghubitta oversubscribed more than 24 times; both receive more than 2.50 Lakh applicants

Mon, May 13, 2019 5:22 PM on IPO/FPO News, Latest, Stock Market,
Janasewi L...

Janasewi Laghubitta Bittiya Sanstha Limited is issuing 4,63,300 units ordinary shares worth Rs 4.63 crore to the general public from Baisakh 27, 2076. The early closing date of this IPO issue is on Baisakh 31, 2076 i.e. tomorrow.

Out of the offered 4,63,300 units; 7,145 units have been kept for the employees of the company and 23,165 units have been kept for the mutual funds. The remaining 4,32,990 units are for the general public. Applications can be place for minimum 10 units and maximum 1000 units. Application can be placed from the financial institutions providing C-ASBA facility or through Meroshare.

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

As per the latest data, a total of 276,719 applicants have applied for 50 lakh 2 thousand 590 unit shares. The issue is already oversubscribed by 10.80 times till now.

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.

Similarly, Swabhimaan Laghubitta Bittiya Sanstha Limited is also issuing 1,98,610 units ordinary shares worth Rs 1.98 crore to the general public from Baisakh 27, 2076. The early closing date of this IPO issue is on Baisakh 31, 2076 i.e. tomorrow.

Out of the offered 1,98,610 units; 3,093 units (0.5% of issued capital) have been kept for the employees of the company and 9,930 units (5% of total units allocated for the general public) have been kept for the mutual funds. The remaining 1,85,587 units are for the general public.

Applications can be placed for a minimum of 10 units and a maximum of 5000 units. The application can be placed from the financial institutions providing C-ASBA facility or through Meroshare.

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

As per the latest data, a total of 264,286 applicants have applied for 48 lakh 16 thousand 820 units. The issue has been oversubscribed by 24.25 times till now.

After the IPO is issued, the paid up capital of the Rupandehi based microfinance company will be Rs.6.18 Crore.