Swastik Laghubitta Bittiya Sanstha Limited is set to open its IPO for Nepali citizens working abroad from Asar 27. The offering includes 2.31 lakh shares worth Rs. 2.31 crore, with applications open until Shrawan 9.
Swastik Laghubitta to Open IPO for Nepalis Working Abroad Starting Asar 27
Swastik Laghubitta Bittiya Sanstha Limited is preparing to launch its Initial Public Offering (IPO) for Nepali citizens employed abroad, starting from Asar 27. The company has received approval to issue 2,31,000 shares at a face value of Rs. 100 each, totaling Rs. 2.31 crore, which represents 40% of its issued capital.
Out of the total shares being offered, 1,155 shares have been allocated for employees of the company, 11,550 shares for mutual funds, and the remaining 2,18,295 shares are designated for Nepali migrant workers. Eligible applicants can submit their applications until Shrawan 9, with the option to apply for a minimum of 10 shares and a maximum of 5,000 shares.
Credit rating agency ICRA Nepal has given Swastik Laghubitta a rating of ICRA NP Issuer Rating B+, indicating a high risk in the company’s ability to meet its financial obligations on time
The IPO is being managed by Nabil Investment Banking Limited. Interested Nepalis working abroad can apply through the C-ASBA system offered by banks and financial institutions that are authorized by the Securities Board of Nepal (SEBON) and participate in ASBA services.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
