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IPO Deadline Extended of Upakar Laghubitta Bittiya Sanstha

News 12 Apr 2022 949 0

Upakar Laghubitta Bittiya Sanstha's IPO application deadline has been extended by one day. The deadline to apply for IPO has been extended by one day due to the public holiday of Ram Navami on Chaitra 27. Accordingly, applications can be submitted for the IPO of Upakar Laghubitta till Wednesday 30th Chaitra 2078.

Upakar Laghubitta said that the issued capital will be 36 percent of Rs. 65625000. A total of 2260250 shares worth Rs. 23625000 have been issued.

Out of this, 0.50 percent or 3 thousand 281 shares will be reserved for the employees, and 5 percent or 11 thousand 813 shares will be reserved for the collective investment fund and the general public will be able to apply for the remaining 221 thousand 156 shares.

Applications for IPO of the company can also be made through ASWA member banks and financial institutions licensed by the Nepal Securities Board and through the web and app of MeroShare.

Upakar Laghubitta's IPO has been given a double B-minus rating by ICRA Nepal. This indicates moderate credit risk in the organization's ability to bear financial obligations.

The issue and sale manager of Upakar Laghubitta is Nepal SVI Merchant Banking Limited and the guarantor is Prabhu Capital.

At present, the paid up capital of microfinance is Rs. 42 million. After the issuance of IPO equal to Rs. 23.6 million to the general public, the paid up capital will reach Rs. 65.6 million.