KATHMANDU, Aug 28 : Swastik Laghubitta Bittiya Sanstha Limited has completed its Initial Public Offering (IPO) allotment. The share issuance and sales manager, Nabil Investment Banking, carried out the allotment on Thursday.
According to the allotment results, 19,519 applicants received 10 shares each. The company had issued a total of 195,195 shares to the general public.
Swastik Laghubitta to issue IPO
Swastik Laghubitta’s IPO saw overwhelming participation, with 2,440,460 applicants applying for 27,464,570 shares- far exceeding the available quota. As a result, most applicants were left empty-handed.
The microfinance company had obtained approval from the Securities Board of Nepal (SEBON) to issue 231,000 shares worth NPR 23.1 million, representing 40% of its issued capital of NPR 57.75 million.
