Today (July 5) is the last day to apply for the IPO of Manakamana Smart Laghubitta Bittiya Sanstha Limited, which has been open for issue and sale since July 1.
Manakamana Smart Laghubitta has issued an IPO worth Rs 38.9 million, which is 32.11 percent of the issued capital of Rs 121.15 million.
Manakamana Smart Laghubitta has issued 389,000 ordinary shares with a face value of Rs 100 per share. Out of this, Manakamana Smart Laghubitta has allotted 6,058 shares, i.e. 0.5 percent of the issued capital, for the employees and 5 percent of the total issue, i.e. 19,450 shares, for the collective investment fund. The general public will be able to apply for the remaining 363,492 lots.
Interested investors can apply for a minimum of 10 lots and a maximum of 1,000 lots. According to NMB Capital, the manager of share issue and sale, 1,763,794 people have applied for the IPO till Sunday evening.
The general public can apply from banks and financial institutions licensed by the Nepal Securities Board and their branch offices. In addition, applications can be submitted through MeroShare software.
In the credit rating given for IPO issuance, ICRA Nepal has given MSLBSL an 'ICRP Issuer Rating Double B Minus' rating. Institutions receiving such ratings indicate moderate to safe and moderate credit risk in terms of timely fulfillment of financial obligations.
IPO
