Swastik Laghubitta Bittiya Sanstha Limited has officially opened its IPO issuance and sale today. The company is offering 195,195 shares for the general public.
Earlier, on Ashad 5, the company received approval from the Nepal Securities Board to issue 231,000 ordinary shares at a face value of Rs. 100 per share, totaling Rs. 23.1 million.
Among these shares:
- 0.5% (1,155 shares) are reserved for employees
- 5% (11,550 shares) are allocated for collective investment funds
- 10% (23,100 shares) are set aside for Nepalis working abroad with approval from relevant government authorities
The IPO allows a minimum application of 10 shares and a maximum of 5,000 shares. The subscription window will close no earlier than Bhadra 3 and no later than Bhadra 13.
Investors can apply through all ASBA-approved banks and financial institutions, their designated branches, or online via Meroshare. Nabil Investment Banking Limited is managing the IPO issuance and sale.
In the first phase, 23,100 shares were issued from Ashad 27 to Shrawan 9 for Nepalis working abroad.
