Janautthan Samudayic Laghubitta's 90,000 units IPO to open from Falgun 17

ShareSansar, February 23:

Janauthhan Samudayic Laghubitta Bikas Bank Limited (JSLBBL) has published a notice announcing its initial public offering (IPO) of 90,000 units shares.

The IPO sale will be open from Falgun 17. As per the notice, the offer will close on Falgun 20 whereas the maximum closing date for the IPO has been set for Chaitra 1.

Growmore Merchant bank has been appointed the issue manager for the IPO.

The class ‘B’ development bank based in Butwal of Rupandehi district has set aside 2,700 units for its staff and 4,500 units for mutual fund companies. The mutual fund companies who have bought the shares are Nabil Balance fund 1, Siddhartha lagani Buddhi Yojana-1, Siddhartha Equity Oriental Skim, NMB Sulav Fund-1 and NIBL Sambriddhi Fund -1
 
Individual investors must apply for a minimum of 10 units and they can buy up to 2,000 units.

The development bank’s paid-up capital will rise to Rs 2 crore from the existing Rs 1.10 crore following the IPO. It earned a net profit of Rs 26.10 lakh in the fiscal year 2070/71 and has Rs 29.94 lakh in its reserve fund.

The company’s EPS stands at Rs 23.73.