IPO Alert: Manushi Laghubitta IPO to issue from Shrawan 27

manushi laghubitta ipo

Manushi Laghubitta Sanstha Limited is going to issue IPO from Shrawan 27 (साउन २७) to the general public. The company is going to issue 3,93,750 IPO shares worth 3 Karod 93 Lakh 75 thousand rupees. The company is issuing shares at face value of Rs 100.

manushi laghubitta ipo date

Manushi Laghubitta has reserved 5,469 shares for employees and 19,688 shares for the mutual funds. The general public can apply only for the remaining 368,593 shares.

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Company has set the deadline of Shrawan 31 (साउन ३१) for the IPO, Investors must apply within this date. Investors can apply for a minimum of 10 kitta and a maximum of 1,000 kitta only. IPO shares of Manushi Laghubitta is very low count and the number of applicants will be very high. So it is be best to apply for only 10 kitta.

Nepal SBI Merchant Banking Limited is the appointed IPO sales manager. CARE Rating Nepal has given CARE NP B Plus Issuer rating for the laghubitta IPO. This indicates a high risk of not being able to meet financial obligations on time.

Read this: Upcoming IPO in Nepal 2021, check the list here

At present, company has the paid up capital of Rs. 7 karod. After the IPO allotment, the paid up capital will reach Rs. 10.93 karod.

How to apply

Investors can apply this IPO online through Mero Share website and android app. Who don’t have Mero Share, they can go to the C-ASBA Member Banks and Financial Institutions to apply IPO.