Good news for investors, who are waiting for an IPO result of Jeevan Bikas Laghubitta. The company has fixed the IPO allotment date of Jeevan Bikas Laghubitta, investors can check the result after allotment.
The IPO allotment of Jeevan Bikas Laghubitta will took place on Wednesday, Asadh 23 (असार २३) at 9:30 am at NMB Capital. Only a few percentage of lucky investors have got the IPO. Among them, 5 lucky applicants got 11 units of IPO.
The company had issued 18,48,015 units of IPO to the public, Only 184,801 applicants were allotted IPO at the rate of 10 units by lucky draw. 9% got IPO but 91% of investors were empty-handed.
In this IPO 20,84,762 applications were received, which is the highest number of applications ever. This is 16.91 times more applications than the IPO opened.
How to check the result
Applicants can check the IPO result on various websites. The result has been published, it is available on the iporesult.cdsc.com.np, as well as on Jeevan Bikas Laghubitta website and the NMB Capital website. or Applicants can log in to the Mero Share app and check the IPO allotment status. Find your result here.
Simply, applicants can to the https://iporesult.cdsc.com.np/ result page, submit the Demat number and select the company and search the result.
To see the result – CLICK HERE. or
Login to the MERO SHARE and check the allotment status.
To check results, Click NMB Capital result page here.
Jeevan Bikas Laghubitta IPO News
Jeevan Bikas Laghubitta is going to issue IPO from Asar 11 ( असार ११ ). The general public can apply for IPO from banks and financial institutions licensed by C-ASBA. You can also apply online through the Mero Share application.
Out of 19,77,300 IPO shares, the company has allocated 5% Shares (30,420 Kitta) for employees and 5% shares ( 98,865 kitta) for Mutual funds. The general public will be able to apply for the remaining 18 lakh 48 thousand 15 Kittas.
The IPO will be closed soon on Asar 15 ( असार १५ ) and late on Asar 25 ( असार २५ ). NMB Capital Limited is the manager of the issuance and sale of microfinance securities. ICRA Nepal has given ‘ICRNP-IR BBB (Triple B) rating to the Jeevan Bikas laghubitta IPO. This indicates an average risk of fulfilling obligations on time.
How Many Kitta to apply
This is one of the good microfinance, with a better financial situation. So it is better not to miss an IPO. Interested investors can apply for a minimum of 10 Kitta and a maximum of 1,000 Kitta but it is better to apply for 10 kitta only.
According to the previous record, it is confirmed that there will be more than 1.5 million applications for IPO, in this case, allotment of IPO is very rare. According to the rules of SEBON, there will be an IPO allotment through Lucky draw. So Applying for Rs 1000 ( 10 kitta ) is enough.
Company Financial situation
Jeevan Bikas Microfinance has a strong financial report. The company has a net worth of Rs 305.27 in this period. In the fiscal year 2076/77, the earnings per share (EPS) of microfinance was Rs. 104.97.
According to Laghubitta’s quarterly report, the company’s reserve fund is very strong. The company’s reserve fund is more than Rs 1.18 billion. This indicates that the financial position of the company is strong. It confirms that the company’s share will get a higher price in the secondary market after IPO.