Samudayik Laghubitta’s 3 lakh unit IPO to be issued from Mangsir 2; IPO being issued after delay of about 1 year

Tue, Nov 6, 2018 9:24 AM on Featured, IPO/FPO News, Stock Market,

Samudayik Laghubitta Bittiya Sanstha is finally set to issue its 3 lakh unit IPO. The microfinance company is floating the shares from Mangsir 2 till Mangsir 5 , 2075.

Out of the 3,00,000 units; 12,000 units have been set aside for the employees and 15,000 units have been set aside for the investment funds while the remaining 2,73,000 units will be for the general public.

Nepal SBI Merchant Banking Limited has been appointed as the issue manager for the IPO issuance.

Previously, the company had announced to issue the IPO from Magh 9 to Magh 12, 2074. However, the day before the date of issue, i.e. on Magh 8, 2074 the company had published a notice regarding the postponement of the IPO issue until further notice.

Interested applicants can apply for minimum 50 units and maximum 1,500 units through any financial institutions providing C-ASBA services or through Meroshare.

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.


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