Padmashree College
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NESDO Sambridha Laghubitta Call to Apply for IPO

News 23 Feb 2022 1014 0

NESDO Sambridha Laghubitta Call to Apply for IPO

NESDO Sambridha Laghubitta Bittiya Sanstha Limited is launching IPO issuance and sale from 11th Falgun 2078 (23rd February 2022). Laghubitta has issued 8 lakh 28 thousand 750 units of IPO worth Rs. 82.875 million.

Out of the total 828,750 shares issued by NESDO Sambridha Laghubitta, 0.5 percent or 12,750 shares have been reserved for employees and 5 percent or 41,437 shares have been reserved for collective investment funds. The general public will be able to apply for the remaining 774,563 shares.

Applications for the IPO can be submitted as early as Falgun 15 and as late as Falgun 25. Investors will be able to apply for a minimum of 10 units to 1000 units.

The IPO issuance and sales manager is Global IME Capital Limited. Interested applicants can apply through C-ASWA Member Banks and Financial Institutions and MyShare website and app.

ICRA Rating Nepal has given NESDO Sambridha Laghubitta ICRA NP IR Double B Plus rating in the credit rating for IPO issue. This indicates that there is a moderate risk in fulfilling financial obligations on time.

Currently, the paid-up capital of NESDO Sambridha Laghubitta is Rs. 172.12 million. After the IPO allotment, the paid-up capital of microfinance will reach 255 million.