Jalpa Samudayik Laghubitta Bittiya Sanstha Limited ( JSLBSL) is opening the 5,22,000 unit shares as Initial Public Offer (IPO) issue from 21st Magh 2078.
This issue set the early closing date is on 25th Magh, 2078 and if not fully subscribed by the early closing date, the deadline can be extended till the 06 Falgun 2078.
Securities Board of Nepal (SEBON) approved the application on January 24. The company had submitted an application to SEBON requesting for issuing 32.625 percent of its issued capital as an IPO. Prabhu Capital has been appointed the issue manager for the proposed IPO issue.
The company features a total of sixteen hundred thousand registered shares of that five.22 hundred thousand shares are going to be issued within the future commercialism. Thus, the commercialism can raise a complete of Rs. 5.22 crores in paid capital.
0.5% of the problem, i.e. 8,000 units are put aside for the workers of the corporate and five-hitter, i.e. 26,100 units to mutual funds. The remaining 4,87,900 units square measure strictly for individual investors. Investors will apply for a minimum of ten units and a most of 5,220 units.
ICRA Nepal Limited has assigned the [ICRANP-IR] BB rating to the IPO of Jalpa Samudayik Laghubitta Bittiya Sanstha Limited. Issuers with this rating are considered to have a moderate risk regarding timely servicing of financial obligations, in Nepal.
