IPOs of  Jalpa Samudayik Laghubitta oversubscribed 15 times on first day

KATHMANDU: Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JSLBSL) received applications for 7,265,460 units of its initial public offering (IPO) on Friday, which is 14.89 times more than the actual units that the company is issuing its primary shares for general public.

According to the CDS and Clearing Limited, the company received applications for aforementioned units of its IPOs amounting Rs 726.54 million on the first day of the public call. JSLBSL has floated 522,000 units of its primary shares for the public that will close on Tuesday at the earliest.

Two weeks ago, JSLBSL received approval of the Securities Board of Nepal to float 32.625 percent of its issued capital for IPOs. For this purpose, the company has appointed Prabhu Capital as issue manager.