Swastik Laghubitta Bittiya Sanstha Limited has received a stunning response to its recently opened IPO, which was exclusively made available for Nepali citizens working in foreign countries.
According to the Central Depository System and Clearing Ltd. (CDSC), as of 10:06 AM on Ashar 29, a total of 39,577 applicants had applied for 636,560 units of shares. This equals more than NPR 63.6 million in value—27.55 times higher than the 23,000 shares available in this phase.
| S.N | Company Name | Issue Manager | Issued Unit | Number Of Application | Applied Unit | Amount | Open Date | Close Date | Last Update |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Swastik Laghubitta Bittiya Sanstha Limited (RESERVED - FOREIGN EMPLOYMENT) | NABIL INVESTMENT BANKING LIMITED | 23100 | 39577 | 636560 | 63656000 | 2025-07-11 | 2025-07-25 | 2025-07-13 10:06:12 |
IPO opened from Ashar 27 for Nepalis abroad
The IPO was opened on Ashar 27 (July 11), specifically targeting migrant Nepalis. Each share was priced at NPR 100, and the response surpassed all expectations.
Earlier, the Securities Board of Nepal (SEBON) had approved Swastik Laghubitta’s proposal to issue 231,000 units of ordinary shares worth NPR 23.1 million in total.
How the shares are divided
Here’s how the total 231,000 IPO shares are being distributed:
- 10% (23,100 units): For Nepalis in foreign employment
- 0.5% (1,155 units): Reserved for the company’s employees
- 5% (11,550 units): Allocated for mutual fund schemes
- 84.5% (195,195 units): To be issued to the general public in the second phase
Application details and deadline
Migrant workers can still apply until Shrawan 9. The minimum application is for 10 units, and the maximum is 5,000 units.
Applications can be submitted via C-ASBA member banks and financial institutions in Nepal. This system allows smooth, bank-based application and payment processing for IPOs.
Company rating suggests moderate risk
ICRA Nepal has assigned Swastik Laghubitta a [ICRANP-IR] B rating, indicating that the company carries a moderate level of credit risk and may face some challenges in meeting its financial obligations on time.
With such high interest shown by Nepalis working abroad, the IPO of Swastik Laghubitta has clearly created a buzz in the financial market. Now, all eyes will be on the upcoming general public phase, expected to attract similar attention.
