Swastik Laghubitta Opens IPO for the General Public - How Much Units to Apply?

Swastik Laghubitta Financial Institution Limited has opened the issuance and sale of IPOs for the general public starting from Shrawan 30. This follows a prior distribution of IPOs issued for Nepalis working abroad, and now the second phase of issuance has begun for regular investors.

The microfinance has received permission to issue a total of 40 percent of its issued capital, amounting to 2 Crore 31 Lakh Rupees, equivalent to 231,000 shares. In the first phase, 1,155 shares were issued for employees, 11,550 shares for collective investment funds, and 23,100 shares for Nepalis working abroad.

Now in the second phase, 195,195 shares with a face value of 100 rupees per share are available for the public. The deadline for applications is set for Bhadra 3 for early applicants and Bhadra 13, if remained unsubscribed . Investors can apply for a minimum of 10 shares and a maximum of 5,000 shares.

ICRA Nepal has given Swastik Laghubitta an ‘[ICRANP-IR] B@’, indicating a high risk in fulfilling financial obligations. The issue and sales manager for this IPO is Nabil Investment Banking Limited. Investors can apply through the C-ASBA system with banks and financial institutions that are approved by the Nepal Securities Board.

Looking at the previous trends, there seems to be a very low probability of such an IPO being allotted, hence it is advisable to apply for 10 shares.

👉 Swastik Laghubitta IPO Application Statistics