Nepal Agro Laghubitta Bittiya Sanstha Limited is closing the issue of 1,61,778 units ordinary (IPO) shares worth Rs 1.61 crore to the general public from today (Baisakh 11, 2076). This issue was opened since Baisakh 8, 2076. Interested investors can apply today till 5PM banking hour.
Nepal Agro Laghubitta IPO oversubscribed more than 19 times; applications received for more than 30 Lakh units.
Out of the offered 1,61,778 units; 2,489 units have been allotted for the employees of the company and 8,089 units have been allotted for the mutual funds. The remaining 1,51,200 units are for the general public.
Applications can be place for minimum 10 units and maximum 800 units.
Nepal SBI Merchant Banking Limited has been appointed as the issue manager for the IPO issuance.
Nepal Agro Laghubitta Bittiya Sanstha Limited (Nepal Agro Microfinance Bittiya Sanstha Ltd.) was established on 19th April 2016 (2073/01/07). It is registered as a public limited company under Company Act of Nepal 2006.
Why IPO of Nepal Agro Laghubitta could make it a steal at par value? What do the actual and estimated financials indicate?
Click here for IPO offer letter: