February 23: Aatmanirbhar Laghubitta Bittiya Sanstha Limited has opened sale of its Initial Public Offering (IPO) to general public from Thursday. Laghubitta Bittiya Sanstha is issuing 1,69,755 units of shares worth Rs 1,69,75,500 to the general public at a face value to Rs 100.

In the first phase, the laghubitta bittiya sanstha had issued 20,338 shares, which is ten per cent of the total 2,03,380 units of shares set aside for the public, to the Nepali citizens working in foreign countries. The IPO for the migrant workers has already been allotted.

Of the total shares set aside for public issuance, 3,117 shares have been reserved for laghubitta’s employees whereas 10,170 shares have been set aside to the mutual fund schemes.

Sunrise Capital is the issue and sales manager. Interest individuals can apply for a minimum of 10 shares and a maximum of 1000 units of shares. The public offering will close on Falgun 15. Since laghubitta company’s IPO receives overwhelming  response from the investors, the company may not extend the deadline.
 

Interested individuals can apply for the IPO through all CASBA approved banks and financial institutions by the Securities Board of Nepal (SEBON). They can also apply for the IPO through Mero Share .