The five-year lock-in period for 1 crore 45 thousand founder shares of NIC Asia Laghubitta Bittiya Sanstha is set to expire on Asar 19. These shares can now be traded in the secondary market.
NIC Asia Laghubitta’s Founder Shares to Enter Market After Five-Year Lock-in Ends
The five-year lock-in period for 1 crore 45 thousand shares owned by the founder shareholders of NIC Asia Laghubitta Bittiya Sanstha Limited will officially end on Asar 19.
The company had issued its Initial Public Offering (IPO) to the general public on Asar 20, 2077. According to the rules set by the Nepal Securities Board (SEBON), founder shares are required to remain under a lock-in period for five years from the date of IPO allotment. As a result, these shares have not been available for trading until now
Starting Sunday, following the expiration of the lock-in period, these founder shares will be eligible for trading in the secondary market.
According to market analysts, the release of such a large volume of shares into the market may increase the overall supply. This could create downward pressure on the share price of NIC Asia Laghubitta in the short term.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
