Swastik Laghubitta to Issue IPO for General Public from Shrawan 30

Swastik Laghubitta Bittiya Sanstha Limited is set to open its Initial Public Offering (IPO) for general public from Shrawan 30. The company had previously issued IPO shares for Nepalis working abroad, and after the allotment of that phase, it is now proceeding with the general public issue.

Out of the total 231,000 shares approved for issuance (worth Rs. 23.1 million), 35,805 shares were already allocated for employees, mutual funds, and migrant workers. The remaining 195,195 shares worth Rs. 19.519 million are now open for the general public at a face value of Rs. 100 per share.

The issue will close as early as Bhadra 3, or latest by Bhadra 13 if not fully subscribed. Investors can apply for a minimum of 10 shares and a maximum of 5,000 shares.

ICRA Nepal has assigned the issue rating ‘ICRANP-IR B@’, indicating a high risk in timely fulfillment of financial obligations.

Nabil Investment Banking Limited is the issue manager, and investors can apply through the C-ASBA system via approved banks and financial institutions.