Swastik Laghubitta Financial Institution Limited will open its IPO sale to Nepalis working abroad starting Ashad 27. The company is offering 23,000 shares at NPR 100 each, with applications accepted until Shrawan 9.
Swastik Laghubitta Financial Institution Limited has announced that from Ashad 27, it will open the sale of its IPO shares to Nepalis engaged in foreign employment. The company plans to sell 23,000 IPO shares at NPR 100 per share to this group.
The Nepal Securities Board had authorized Swastik to issue a total of 231,000 IPO shares worth NPR 23.1 million. In the first phase, 10 percent of the shares are being offered to Nepalis working abroad.
Nepali workers abroad can apply for the IPO until Shrawan 9. Applicants may apply for a minimum of 10 shares and a maximum of 5,000 shares.
Investors can submit their applications through C-ASBA member banks and financial institutions.
Credit rating agency ICRA Nepal has assigned a “B” rating to Swastik Laghubitta, indicating a high risk in timely fulfillment of financial obligations.
This article was originally published on https://bajarkochirfar.com
Translated with the help of AI and reviewed by our editorial team.
