Baglung-based D-class Microfinance institution, Dhaulagiri Laghubitta Bittiya Sanstha Limited is all set to float Dhaulagiri Laghubitta IPO. The company proposes to issue 3,31,000 Units of IPOs at a par value of Rs 100 per share to generate Rs 3.31 Crore.
The company requested SEBON for Issue approval on 24th Ashad 2079 and can float the IPOs from 24th Shrawan 2079 to 29th Shrawan 2079.
Out of the total 3,31,000 Units, the general public will be entitled to bid for 3,09,295 Units of IPO as 21,705 Units have been earmarked for employees and mutual funds. While people can apply for up to 1000 units of IPO, the 10-unit rule holds true in this race for IPOs in Nepal.
Sunrise Capital Ltd has been appointed as the Issue manager with an agreement between the companies.
|Name of the company||Dhaulagiri Laghubitta Bittiya Sanstha Limited|
|Total IPOs||3,31,000 Units|
|IPOs reserved for General Public||3,09,295 Units|
|IPOs for Employee and Mutual Fund||21,705 Units|
|Total IPO price||Rs 3,31,00,000|
|IPO Date||24th Shrawan 2079 – 29th Shrawan 2079|
|IPO price per unit||Rs. 100|
|IPO application quantity||10-1000 Units|
|Issue Manager||Sunrise Capital Ltd|
|Paid-up Capital||Rs 10.31 Crore|
|Care Rating Nepal||——|
Dhaulagiri Laghubitta Company Details
Dhaulagiri Laghubitta has a Paid-up capital of Rs 7 Crore and with reach Rs 10.31 Crore after the IPO issuance. The public-to-promoter share ratio stands to be 32.1:67.9.
The presumed opening range for the company share ranges from Rs. 148.66 to Rs. 445.98.
Since its commencement in 2075, the company has had 44 branches, 35086 members and a floated loan of Rs 144 Crore.
While the company looks promising, it is worth waiting for the ratings and allotment.