The Initial Public Offering (IPO) worth Rs 3 crore floated by Laxmi
Laghubitta Bittiya Sanstha Limited on June 24 has drawn more than 29
crores in just first two days.
According to Nabil Investment Banking Limited which is managing the issue, the IPO drew more than 18 crore in the first day itself, and more than Rs 11 crore has been collected at its office by the second day yesterday.“We are still collecting the applications filed the second day from the collection centers,” Nabil Investment’s CEO Pravin Raman Parajuli told. It means that the figures will rise further.
The microfinance institution based in Kathmandu has stated that out of the 3 lakh primary shares being floated at a face value of Rs 100, altogether 15,000 units have been set aside for the mutual funds and 9,000 units for its staff.
The issue would close on June 27, or by July 8 at the latest.Laxmi Laghubitta has an authorized capital of Rs 10 crore, issued capital of Rs 10 crore, and the paid-up of Rs 7 crore.Following the IPO, its paid-up capital will also rise to Rs 10 crore.
The class ‘D’ financial institution, which has been in operation since for the last three years, has a reserve profit of Rs 3.85 crore by the end of the last fiscal year, and projected figure of Rs 24.90 crore by the end of the current fiscal year. Its EPS stood at 0.29, which is expected to grow to 2.63 by the end of the current fiscal and up to 20.52 by the fiscal year 2072/73.
According to Nabil Investment Banking Limited which is managing the issue, the IPO drew more than 18 crore in the first day itself, and more than Rs 11 crore has been collected at its office by the second day yesterday.“We are still collecting the applications filed the second day from the collection centers,” Nabil Investment’s CEO Pravin Raman Parajuli told. It means that the figures will rise further.
The microfinance institution based in Kathmandu has stated that out of the 3 lakh primary shares being floated at a face value of Rs 100, altogether 15,000 units have been set aside for the mutual funds and 9,000 units for its staff.
The issue would close on June 27, or by July 8 at the latest.Laxmi Laghubitta has an authorized capital of Rs 10 crore, issued capital of Rs 10 crore, and the paid-up of Rs 7 crore.Following the IPO, its paid-up capital will also rise to Rs 10 crore.
The class ‘D’ financial institution, which has been in operation since for the last three years, has a reserve profit of Rs 3.85 crore by the end of the last fiscal year, and projected figure of Rs 24.90 crore by the end of the current fiscal year. Its EPS stood at 0.29, which is expected to grow to 2.63 by the end of the current fiscal and up to 20.52 by the fiscal year 2072/73.
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