From the 21st of Magh, Jalpa Samudayik Laghubitta Bittiya Sanstha Limited will offer 5,22,000 shares in an initial public offering (IPO). On the 25th of Magh, 2078, the issue will be closed early. The deadline might be extended till Falgun 06 if the early closure date is not completely subscribed.
The business had applied to SEBON to launch an IPO for 32.625 percent of its outstanding capital. On January 24, SEBON granted the request. The prospective IPO’s issue manager has been named as Prabhu Capital.
The firm has a total of 16 lakh registered shares, of which 5.22 lakh will be sold in the impending initial public offering. As a result, the IPO would raise Rs. 5.22 crores in total paid-up capital.
The company’s workers will get 0.5 percent of the issue, or 8,000 units, while mutual funds will receive 5%, or 26,100 units. Individual investors will own the remaining 4,87,900 units. A minimum of 10 units and a maximum of 5,220 units are available for purchase.
The IPO of Jalpa Samudayik Laghubitta Bittiya Sanstha Limited has received the [ICRANP-IR] BB rating from ICRA Nepal Limited. In Nepal, issuers with this grade are seen to be at a moderate risk of not meeting their financial commitments on time.