Swastik Laghubitta Bittiya Sanstha Limited has opened its Initial Public Offering (IPO) to the public starting Friday. The company is issuing shares worth NPR 23.1 million, equivalent to 40% of its issued capital. At a par value of NPR 100 per share, a total of 231,000 shares are being offered.
Of the total issuance, 0.50% (1,155 shares) have been allocated for employees, 5% (11,550 shares) for mutual funds, and 10% (23,100 shares) for Nepali citizens working abroad with labor permits. The remaining 195,195 ordinary shares have been opened to the general public from Friday.
The company’s issued capital stands at NPR 57.75 million.
Applications for the IPO will remain open until Bhadra 3, and if not fully subscribed, the deadline will be extended until Bhadra 13. The Securities Board of Nepal granted approval for the issuance on Asar 5. The central office of Swastik Laghubitta is located in Lahan Municipality–8, Siraha district.
Nabil Investment Banking Limited is the issue and sales manager for the IPO.
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