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Last Day to Apply for IPO of Manushi Laghubitta

News 15 Aug 2021 3438 0

Last Day to Apply for IPO of Manushi Laghubitta

Today (Shrawan 31st / 15th August) is the last day to apply IPO of Manushi Laghubitta Bittiya Sanstha Limited, which has been open for issued and sale to the public since the 27th Shrawan.

Manusi Laghubitta had issued and sold 3,93,750 units of IPOs worth Rs 39.37 million since that day. Out of the total 393,750 units of shares issued by Manushi Laghubitta, 0.5 percent or 5,469 shares have been secured for employees and 5 percent or 19,688 shares for mutual investment funds.

The general public will be able to apply for the remaining 368,593 shares. Manushi Laghubitta has issued 36 percent of its total issued capital.

Investors will be able to apply for a minimum of 10 units to 1,000 units.

The IPO issuance and sales manager is Nepal SBI Merchant Banking Limited. Interested applicants can apply through C-ASWA member banks and financial institutions and through the MeroShare website and app.

CARE Rating Nepal has given CARE NPB Plus Issuer rating to microfinance in the credit rating for IPO issuance. This indicates a high risk of not being able to meet financial obligations on time.

At present, the paid-up capital of Manusi Laghubitta is Rs. 70 million. After the IPO allotment, the paid-up capital of microfinance will reach Rs. 109.37 million.