Sabaiko Laghubitta 5.30 lakh units IPO opens from today; public issue closes on Shrawan 5
Wed, Jul 17, 2019 6:56 AM on IPO/FPO News, Latest,
Sabaiko Laghubitta Bittiya Sanstha Limited is issuing 5,30,000 units ordinary shares worth Rs 5.30 crore to the general public from today (Shrawan 1, 2076). The early closing date of this IPO issue is on Shrawan 5, 2076 and if the issue is not subscribed till Shrawan 5 then this issue can be extended upto Shrawan 30, 2076.
Out of the offered 5,30,000 units; 0.5% of issue capital i.e. 8,250 units have been set-aside for the employees of the company and 5% of total offered share to general public i.e. 26,500 units have been set-aside for the mutual funds. The remaining 4,95,250 units are for the general public.
IPO of Sabaiko Laghubitta opens from Shrawan 1; Things to know before applying
Applications can be place for minimum 10 units and maximum 2,000 units. NIBL Ace Capital Limited has been appointed as the issue manager for the IPO issuance.
The microfinance collected Rs.33.65 Crore as deposits and floated Rs.1.41 Arba as loans and advances by the end of the third quarter of the current fiscal year. The Non-Performing Loan (NPL) of the microfinance company stands at 0.19%.
It has reported its net interest income as Rs.5.04 Crore with Rs.3.44 Crore as operating profit for the third quarter. The company has existing paid up capital Rs 11.20 crore and reserve of Rs.2.30 crore.
In the third quarter of the fiscal year 2075/76, the net profit of the company has been reported to be Rs.2.19 Crore compared to a net loss of Rs.32.20 Lakhs reported in the corresponding quarter of the previous year.
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