First Business News Portal in English from Nepal
KATHMANDU: Jalpa Samudayik Laghubitta Bittiya Sanstha Limited is opening the IPO issue for 5,22,000 shares from 21st Magh. The early closing date of the issue is on 25th Magh, 2078. If not fully subscribed by the early closing date, the deadline can be extended till Falgun 06.
The company had submitted an application to SEBON requesting to issue 32.625% of its issued capital in the form of an IPO. SEBON approved the application on January 24. Prabhu Capital has been appointed the issue manager for the proposed IPO issue.
The company has a total of 16 lakh registered shares of which 5.22 lakh shares will be issued in the upcoming IPO. Thus, the IPO will raise a total of Rs. 5.22 crores in paid-up capital.
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