Jeevan Bikas Laghubitta Bittiya Sanstha Limited IPO Date

Jeevan Bikas Laghubitta Bittiya Sanstha Limited will be issuing 19,77,300 units worth Rs 19.77 crore as Initial Public Offering to the general public from (Ashad 11-15, 2077). The early closing date of this issue is on Ashad 15 and if the issue is not fully subscribed till Ashad 15, then it can be extended up to Ashad 25, 2077.

Microfinance is about to issue 1,977,300 ordinary shares with a face value of Rs 100 per share. Out of this, microfinance has allocated 30,420 shares i.e. 5 percent of the issued capital for the employees and 5 percent of the total issue or 98,865 shares for the collective investment fund. The general public will be able to apply for the remaining 18 lakh units.

Interested investors can apply for a minimum of 10 units and a maximum of 1,000 units. The eviction shutdown will be on July 3 at the earliest and on July 8 at the latest.

NMB Capital Limited is the manager of the issuance and sale of microfinance securities. The general public can apply from banks and financial institutions licensed by the Nepal Securities Board and their branch offices. In addition, applications can be submitted through Meroshare software.