NESDO Sambridha Laghubittiya IPO Result Published Date

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NESDO Sambridha Laghubittiya Sanstha Notice Regarding IPO Result Published Date. NESDO Sambridha Laghubittiya IPO Result Published Date

NESDO Sambridha Laghubittiya Sanstha

Notice Regarding IPO Result Published Date

NESDO Sambridha Laghubittiya IPO Result Published Date: The IPO issued by NESDO Sambridha Laghubittiya to the public will be distributed on 2078/11/24. According to Global IME Capital, the manager of share issue and sale of microfinance, the IPO distribution will take place only on Tuesday morning. Global IME Capital has already completed the pre-allotment work on Sunday. The sales manager has stated that it is preparing to distribute the shares of microfinance only around 9 am on Tuesday. Last time the IPO was distributed within three days after the issuance of shares. But in the meantime after two days of public holidays, the distribution of shares has been delayed, according to Capital.

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NESDO Sambridha Laghubitta Bittiya Sanstha Limited has closed its IPO issue on Falgun 15. This IPO issue was open on Falgun 11, 2078. 8,28,750 shares were issued at a par value of Rs. 100 per unit. 0.5% of the total issue, i.e. 12,750 units have been allocated for employees while 5%, i.e. 41,437 units have been allocated for mutual funds. The rest 7,74,563 shares were for the individual public.

NESDO Sambridha Laghubittiya IPO Result Published Date

According to CDSC, 25,99,598 applicants have applied for a total of 3,01,13,700 units. This is the data as of 5: 05 pm today. Thus, the issue has been oversubscribed 38.87 times. Looking at the data, it is apparent that only 1 in 34 applicants have the chance of being allotted 10 shares.

NESDO Sambridha Laghubitta Bittiya Sanstha Ltd is promoted by National Educational & Social Development Organization, NESDO Nepal. It was incorporated under Company Act-2063 as a Public Limited Company to be operated as a “D” Class National Level Microfinance. The microfinance has an authorized capital of Rs.50 Crore and its issued and paid-up capital is Rs.17,21,25,000.

NESDO Nepal, Prabhu Bank, and 81 individuals from various sectors are the promoters of NSLBSL. NSLBSL started its operation on 5th March 2019. At present, NSLBSL serves 78,000 families residing in the remote area of Nepal through its 56 branch offices located in 17 districts.

Global IME capital was appointed the issue manager for the IPO issuance. ICRA Nepal has assigned the issuer rating of [ICRANP-IR] BB+ (pronounced ICRA NP Issuer Rating Double B plus) indicating the issue has a moderate risk of default.