Nadep Laghubitta Bittiya Sanstha to issue IPO for 4,80,000 unit shares from Ashad 10th till Ashad 13th; Capital to reach Rs 16 crore

Nadep Laghubitta Bittiya Sanstha Limited (NADEP) is going to issue 4,32,000 unit shares at par value of Rs 100 for public. From the 4,80,000 units shares, 24000 units i.e. 5% is separated for the employees of NADEP and 24,000 units i.e. 5% is separated for the Mutual Funds. The remaining 90% is open for general public. The issued IPO is 30% of its total capital.

The applicants should apply for minimum 20 unit shares to maximum 2,400 units. The issue will open from Ashad 10^th, 2075 till Ashad 13^th, 2075. In any contingency, the issue will open till Shrawan 7^th, 2075 at the latest.

Nabil Investment Bank Limited has been appointed as the issue manager for the issue. ICRA Nepal, the credit rating agency has assigned ‘Grade 4+’ rating to the proposed Initial Public Offering (IPO).

NADEP earned Rs 4.46 crore in the third quarter of the fiscal year 2074/75. It has paid-up capital of Rs 11.20 crore with reserve of Rs 15.57 crore in Q3.