Vijay Laghubitta IPO collection surpasses 26 times in 2 days; Sunday is the last day to apply

 ShareSansar April 3:

Vijaya Laghubitta Bittiya Sanstha Limited has released its Initial Public Offering of 4,20,000  unit shares from Chait 18.

According to the Growmore Merchant Bank official, the IPO has been oversubscribed by 26 times till second day. The IPO collection till Thursday is approximately over 1 arba.

Of the total shares, the company has set aside 12600 kittas for its employees. Likewise, 21,000 shares set aside for mutual funds have already been distributed to Nabil Balance Fund-1 (4200 kittas), Siddhartha Growth Scheme-1 (1400 kittas), Siddhartha Equity Oriental Scheme (2800 kittas), NMB Sulav Fund-1 (4200 kittas), NIBL Growth Fund-1 (4200 kittas), and Laxmi Value Fund-1 (4200 kittas).

Investors are required to invest in a minimum of 50 units and they can apply for a maximum of 2,000 units.

The offer will close on Chait 22. The maximum closing date for the offer is Baisakh 2, 2072.

Growmore Merchant Banker Limited, Durbar Marg, Kathmandu has been appointed the issue manager for the IPO.

After raising Rs 4 crore 20 lakh from the public, the company’s paid up will rise to Rs 14 crore and the promoter-public ratio will stand at 70% to 30%.

Vijaya Laghubitta had posted a net profit of Rs 4.35 million during the 2nd quarter of the fiscal year 2071/72.

ICRA Nepal has assigned “[ICRANP] IPO Grade 4,” indicating below average fundamentals to the proposed IPO of Vijaya Laghubitta Bittiya Sanstha Limited.

The Collection Centers are: