IPO of Jalpa Samudayik Laghubitta Oversubscribed Almost 15 Times on the First Day.
The IPO issue for 5,22,000 shares will be opened by the Jalpa Samudayik Laghubitta Bittiya Sanstha Limited on 21st Magh. The issue will close early on 25th Magh, 2078. It is possible to extend the deadline to Falgun 06, if not fully subscribed by the early closing date.
SEBON had received a request from the company requesting the IPO of 32.625% of its issued capital. The application was approved by SEBON on January 24. The proposed IPO is being managed by Prabhu Capital.
In the upcoming IPO, the company will issue 5.22 lakh shares out of 16 lakh registered shares. A total of Rs. 5.22 crores will be raised through the IPO.
The company has reserved 0.5% of the issue, i.e. 8,000 units, for its employees and 5%, i.e. 26,100 units, for mutual funds. Individual investors will receive the remaining 4,87,900 units. You can apply for up to 5,220 units if you have a minimum of 10 units.
The IPO of Jalpa Samudayik Laghubitta Bittiya Sanstha Limited has been rated as BB by ICRA Nepal Limited. This rating indicates that issuers in Nepal face a moderate risk of timely servicing of financial obligations.