Swastik Laghubitta Financial Institution has launched its second-phase IPO for the general public, offering 1.95 lakh shares.
Swastik Laghubitta Financial Institution has opened the sale of ordinary shares (IPO) for the general public starting Saun 30 (today). This marks the second phase of the company’s public issuance. In the first phase, the IPO was offered exclusively to Nepalis working abroad, and the shares were allocated accordingly. The Securities Board of Nepal (SEBON) has authorized the institution to issue shares worth NPR 2.31 crore, which is equivalent to 40% of its paid-up capital of NPR 5.775 crore.
In the first phase, 10% of the issued ordinary shares, totaling 23,100 shares, were sold to Nepalis employed abroad. Of the remaining shares, 0.5% (1,155 shares) were allocated for employees, and 5% (11,550 shares) were reserved for collective investment funds. After these allocations, the remaining 1,95,195 shares are now open for general public subscription.
Investors can apply for a minimum of 10 shares and a maximum of 5,000 shares. Applications can be submitted through banks and financial institutions participating in C-ASWA services, along with their branches, authorized by SEBON, or through the Meroshare platform of the Central Depository System and Clearing Ltd. (CDSC). The application period will run from Saun 30 to Bhadra 13. Nabil Investment Banking has been appointed as the issue manager for this IPO.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
