Janaswei Laghubitta and Swabhimaan Laghubitta receive more than 2 lakh applicants applying for more than 37 lakh units

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Sun, May 12, 2019 5:14 PM on IPO/FPO News, Latest, Stock Market,
Janaswei 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.

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

As per the latest data, a total of 209,763 applicants have applied for 37 lakh 89 thousand 640 unit shares. The issue is already oversubscribed by 8.18 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.

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 202,050 applicants have applied for 37 lakh 10 thousand 730 units. The issue has been oversubscribed by 18.68 times till now.

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