Final Day to Apply for Swostik Laghubitta IPO Today

Swostik Laghubitta Financial Institution Limited opened applications for the public offering (IPO) starting from Ashar 27. This IPO is specifically targeted at Nepali citizens working abroad. Today, Friday, Shrawan 9, is the final day to submit an application.

The company has received permission to sell a total of 231,000 shares worth Rs. 2.3 crores, based on 40 percent of the issued capital. Among these, 1,155 shares are reserved for employees and 11,550 shares for mutual funds. The remaining 23,100 shares (worth Rs. 23 Lakhs) are allocated for Nepalis working abroad.

Interested Nepalis abroad can apply for a minimum of 10 shares and a maximum of 5,000 shares. The issuer and sales manager for this IPO is Nabil Investment Banking Limited.

They can apply through participating banks and financial institutions approved by the Nepal Securities Board via the C-ASBA system and through Meroshare.

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