KATHMANDU: The Jeevan Bikas Laghubitta Bittiya Sanstha Limited will be issuing 1,977,300 units worth Rs 19.77 crore as Initial Public Offering (IPO) to the general public from today.
The early closing date of this issue is on June 29 and if the issue is not fully subscribed till June 29, then it can be extended up to July 9, 2021.
Out of the offered 1,977,300 units; 0.5% of the issued capital i.e. 30,420 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 98,865 units have been set aside for the mutual funds. The remaining 18,48,015 units are for the general public.
NMB Capital Limited has been appointed as the issue manager for the IPO issuance.
Applications can be placed for a minimum of 10 units and a maximum of 1,000 units.
ICRA Nepal has assigned the issuer rating of [ICRANP-IR] BBB- to Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLBSL), indicating a moderate degree of safety, regarding timely servicing of financial obligations with moderate credit risk.
