Kathmandu: Swastik Laghubitta Bittiya Sanstha Limited has opened its initial public offering (IPO) for the general public starting today, following the completion of the first phase of issuance for Nepali citizens working abroad.
After receiving approval from the Securities Board of Nepal, the company is issuing 231,000 shares at a face value of Rs 100 each. Earlier, from July 11 to July 24, it had issued 23,100 shares to Nepalis in foreign employment. In that phase, 2,310 applicants received allotments of 10 shares each on August 1.
Out of the total 207,900 shares available for this round, 1,155 shares have been reserved for company employees and 11,550 shares for mutual funds. The remaining 195,195 shares are being offered to the general public.
Applications can be submitted for a minimum of 10 shares (Rs 1,000) and a maximum of 5,000 shares (Rs 500,000). The subscription period will remain open until August 19.
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