Samudayik Laghubitta’s IPO: Why hasn’t it been listed yet?

It has been about 2 months since the allotment of Samudayik Laghubitta’s IPO concluded. The microfinance company had issued 3 lakh units as its Initial Public Offering which was allotted on November 26, 2018.

However, the company’s shares have not been listed in the secondary market.

Many companies which allotted their shares after the microfinance company have already been listed and are being traded in the stock market.

Inquiring the share registrar NMB Capital regarding the issue, the head of Merchant Banking, Mr. Kamal Nepal said that the application has already been sent to NEPSE for the listing process. He also said that the delay has been made by NEPSE and not by them.

Following up on the same matter with the spokesperson of NEPSE, Mr.  Murahari Parajuli said that the listing will be made soon. He also added that NEPSE is liable to list the shares of a company within 1 month of receiving the application and further assured that the listing will be made soon.

Rs 2.73 crore from the general public has remained frozen due to the delay in listing of the shares. It seems like the companies, as well as the regulatory bodies, have started to overlook the interest and benefits of the investors.