Samudayik Laghubitta to float 3 lakh units IPO shares from Magh 9; Advisable to apply 50 units only

Samudayik Laghubitta Bittiya Sanstha Limited will be floating its Initial Public Offering (IPO) of 3,00,000 unit shares worth Rs 3 crore from Magh 9, 2074. The offer will close on Magh 12, 2074. The maximum closing date for the offer is Falgun 8 2074. Interested investors must apply for a minimum of 50 units of share and they can apply for up to 1,500 units of share. The microfinance company has set aside 4% or 12,000 unit shares for its employees and 5% or 15,000 unit shares for the existing mutual fund companies. The company will be floating 2,73,000 units shares to general public. Nepal SBI Merchant Banking Limited is the issue manager for IPO. The IPO of Samudayik Laghubitta will be the first public offering managed by Nepal SBI Merchant Banking Limited. Interested applicants can collect ASBA forms from all ASBA-approved banks around Nepal as Securities Board of Nepal (SEBON) has made ASBA application mandatory from Shrawan 2074. Samudayik Laghubitta is located at Kavrepalanchowk district of Nepal. At present, the microfinance company is rendering financial services through 32 branch offices. Samudayik has paid-up capital of Rs 7 crore, and after issuance of IPO shares its capital will reach Rs 10 crore. It had posted net profit of Rs 45.11 lakh in the first quarter of the FY 2074/75. Offer Letter