Kathmandu Dec 12, 2013
The initial public offering(IPO) of Nagbeli Laghubitta Bikas Bank has been over subscribed by more than 200 times. The offer of 42,000 shares got applicantions worth around Rs 1 arba.
The IPO got a huge response from public and had to close its subscriptions from public on its earliest assigned day of IPO closure date on Sunday.
The IPO had separated 885 share to its employees and 2145 shares to mutual fund which was allotted to Siddhartha Growth Investment Fund.
The investors could have applied for minimum 50 shares and maximum up to 5000 shares.
This is the minimum shares that went for IPO history in Nepal and also a record for maximum over-subscribed IPO.
The microfinance development bank based in Birtamod of Jhapa district has paid-up capital of Rs 1
crore 10 thousand, and its paid-up capital will rise to Rs 1.43 crore after the issuance of the IPO.
The bank’s promoters have 70 percent holding in the company as of now.
As the end of the last fiscal year 2069/70, its EPS (annualized) stood at Rs 34.54, and its net worth per share at Rs 144.84.
The initial public offering(IPO) of Nagbeli Laghubitta Bikas Bank has been over subscribed by more than 200 times. The offer of 42,000 shares got applicantions worth around Rs 1 arba.
The IPO got a huge response from public and had to close its subscriptions from public on its earliest assigned day of IPO closure date on Sunday.
The IPO had separated 885 share to its employees and 2145 shares to mutual fund which was allotted to Siddhartha Growth Investment Fund.
The investors could have applied for minimum 50 shares and maximum up to 5000 shares.
This is the minimum shares that went for IPO history in Nepal and also a record for maximum over-subscribed IPO.
The microfinance development bank based in Birtamod of Jhapa district has paid-up capital of Rs 1
crore 10 thousand, and its paid-up capital will rise to Rs 1.43 crore after the issuance of the IPO.
The bank’s promoters have 70 percent holding in the company as of now.
As the end of the last fiscal year 2069/70, its EPS (annualized) stood at Rs 34.54, and its net worth per share at Rs 144.84.
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