Vijaya Laghubitta IPO from today; 3,86,400 kittas set aside for public 

ShareSansar April 1:

Vijaya Laghubitta Bittiya Sanstha Limited is floating its Initial Public Offering (IPO) of 4,20,000 unit shares from today (Chait 18).

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%.

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

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).

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.