Swastik Laghubitta Bittiya Sanstha is set to open its Initial Public Offering (IPO) for general investors from Shrawan 30 to Bhadra 3, 2082. This comes after the company already issued shares to Nepalis working abroad.
The company was allowed to issue 231,000 shares, worth a total of Rs. 2.31 crore, which is 40% of its total capital.
In the first round:
- 1,155 shares were set aside for company staff
- 11,550 shares for mutual funds
- 23,100 shares were offered to Nepalis working overseas
Now, in the second round:
- The remaining 195,195 shares are being offered to the general public.
- Nabil Investment Banking is handling the share sales.
How many people will get the shares?
According to current estimates, around 19,514 people will get 10 shares each, while 5 lucky applicants will get 11 shares each if the issue is oversubscribed.
This IPO offers another opportunity for the general public to invest in a microfinance company that’s expanding its investor base after reaching out to migrant workers first.
