Trading of Ganapati Laghubitta opens from Jestha 05, 2076; Pre-open range set at Rs 78.90 to Rs 236.72

Fri, May 17, 2019 2:14 PM on IPO/FPO News, Latest, Share Listed, Stock Market,
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Ganapati Laghubitta Bittiya Sanstha Limited had issued 3,35,000 units ordinary shares worth Rs 1.61 crore to the general public from Baisakh 9-12, 2076. Out of the offered 3,35,000 units; 5,175 units have been allotted for the employees of the company, out of which only 5,170 units were applied for and 16,750 units have been allotted for the mutual funds. The remaining 3,13,080 units are for the general public.

The shares of Ganapati Laghubitta will be tradable in the secondary market (NEPSE) from Sunday Jestha 05, 2076. NEPSE has fixed a pre-open range at Rs 78.90 to Rs 236.72. The pre-open session will run from 10:30 AM to 10:45 AM, Sunday.

Ganapati Microfinance Bittiya Sanstha Ltd. is a “D” class National Level Microfinance Institution incorporated on June 27, 2016, licensed by Nepal Rastra Bank (NRB) on November 15, 2016 and commenced its operation from Dec 9, 2016 under Bank and Financial Institution Act 2006.

The paid-up capital will reach Rs 10.35 crore after the issuance of the public shares. After the IPO issue; public holding will be 32.37% and promoters holding will be 67.63%.

Guheswori Merchant Banking and Finance Ltd (32.14%) and Mr. Yubraj Bhandari (14.29%) are the major shareholders of the company.