Jeevan Vikas Microfinance issued Jeevan Bikas IPO on 13th Asad 2078, which coincides with 30 June 2021 in the Gregorian calendar.
With a massively lucrative company like Jiban Bikas, investors are already gazing at their focus on the IPO launch date.
Following are the specifications of Jeevan Bikas Microfinance and Jeevan Bikas IPO issuance;
| Name of Company | Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) जीवन विकास लघुवित्त आइपिओ |
| Symbol | JBLB |
| Sector | Microfinance (Laghubitta) |
| IPO Issue Date | 13 Asad 2078 (30 June 2021) |
| Number of total IPO | 19,77,300 |
| Number of IPO to public | 18,48,015 |
| Reserved IPO | 129285 |
| Total IPO price | 19,77,30,000 |
| Last Transaction Price(LTP) | Rs 1700 (as of 4 September 2024) |
| Sales Manager/ Share Registrar | NMB Capital Limited |
| Minimum IPO application | Rs 5120 (as of 29 August 2021, 11:40 AM) |
| Earning per share (EPS) | Rs. 104.97 |
| Net worth per share | Rs 307 |
| Total Paid-up capital | Rs. 41.67 million |
| Total Reserved fund | Rs. 1.18 Billion |
| ICRA Nepal Rating | BBB |
| Company profile | Secure to invest |
This secure class D institution has received a ‘BBB minus’ rating from ICRA Nepal for IPO issuance. Its profit was over Rs 100 per share for the years 2076-77.
Additionally, Madhya Bhotekoshi’s IPO has been approved and will soon appear for public issuance.
Wanna know more about IPO? Here’s the treat – All about IPOs in Nepal
Current Scenario of Jeevan Bikas IPO
Jeevan Bikas Laghubitta IPO was the epitome of pricy shares in the Nepal Share Market, throttling the NePSE. It was the only Laghubitta or Microfinance IPO to touch the Rs.5500 price tag. Although most Laghubitta IPOs have had a great surge in price like no other sector, none compare to JBLB.
This was the case until 2021 when the share market reached an all-time high of around 2800 points. Unfortunately, the ride did not continue upward. The price came down to less than Rs. 4000 in 2022 and then Rs. 2600 in 2023.
The company had a rollercoaster journey, not just with the price but also with the dividend. The company offered a 70% dividend in its first year, but the next year, it fell to less than 40%. That would have been a decent dividend only if it had been offered, but to your surprise, the dividend went down to 14% after dripping twice.
Now that the share market is at its lowest let’s hope for the best and expect to witness a miracle by 2024.
