Jalpa Samudayik Microfinance going to issue IPO since Magh 21.

Jalpa Samudayik Laghubitta is going to issue IPO from Magh 21 . Microfinance is about to issue 5 lakh 22 thousand kitta IPOs worth Rs 5 crore 22lakh.

Laghubitta is going to allotted 0.5 percent or 8,000 kitta shares to the employees out of the total 522,000 shares. Similarly, 5 percent of or 26,100 kitta shares have been secured for Mutual funds. The general public will be able to apply for the remaining 4,87,900 shares. Prabhu Capital has been appointed the issue manager for the proposed IPO issue.
Investors will be able to apply for a minimum of 10 Kitta to 5,220 kitta .

Applicants can apply through C-ASBA member banks and financial institutions and through the Meroshare website and app.

ICRA Rating Nepal has given ICRA NP IR Double B rating in the credit rating for to Laghubitta. This indicates that there is a moderate risk in fulfilling financial obligations on time.

At present, the paid up capital of microfinance is Rs 10 crore 78 lakh . After the IPO , the paid up capital of microfinance will reach 16 crore.