Upakar Laghubitta Issuing 2,36,250 IPO Shares From Chaitra 25

Upakar Laghubitta Bittiya Sanstha Limited has published an offer letter to issue an IPO. The IPO will open on 25th Chaitra and close on 29th Chaitra, 2078. If not subscribed by the early closing date, the IPO will close on Baisakh 09, 2079.

The company had submitted an application to SEBON requesting to issue 36% of its issued capital in the form of an IPO. The proposal was submitted on Shrawan 13. SEBON then approved the application on Chaitra 07.

The company has a total of 6,56,250 registered shares of which 2,36,250 shares will be issued in the upcoming IPO. Thus, the IPO will raise a total of Rs. 2,36,25,000 in paid-up capital. Of the total public issue, 0.5%, i.e. 3,281 shares have been reserved for employees while 5%, i.e. 11,813 shares for mutual funds. The remaining 2,21,156 shares are then for the individual public.

Applicants can apply for a minimum of 10 units to a maximum of 1000 units.

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

Upakar Laghubitta Bittiya Sanstha Limited posted a net profit of Rs 18.84 million in the 2nd quarter of the fiscal year 2078/79.

Offer Letter