Aatmanirbhar Laghubitta IPO Collects Rs. 1.78 Arba From 16.13 Lakh Applicants Till Last Day; IPO Oversubscribed by More Than 105.14 Times

Aatmanirbhar Laghubitta Bittiya Sanstha Limited issued 169,755 units of shares worth Rs. 1.69 crores to the general public as a part of their Initial Public Offering (IPO) from 11th Falgun till 15th Falgun, 2079.

The issued capital of the company is Rs. 6.23 crores of which 32.625% i.e. 203,380 unit shares worth Rs. 2.03 crores have been set aside to the general public. Out of the total 203,380 units; 10% i.e. 20,388 units were allocated for Nepalese citizens working abroad, whereas 1.5326% i.e 3,117 units were set aside for the employees of the company, and 5% of the total offered shares i.e. 10,170 units were set aside for the mutual funds. The remaining 169,755 units were for the general public.

According to CDSC, 16,13,562 applicants have applied for a total of 1,78,49,330 units worth Rs. 1.78 Arba till the last day. Thus, the IPO was oversubscribed by more than 105.14 times in terms of the number of units through ordinary applicants as of closing day.

Sunrise Capital Limited was appointed as the issue manager for the IPO issuance. Applications could be placed for a minimum of 10 units and a maximum of 1000 units.

CARE Ratings Nepal Limited (CRNL) has assigned a rating of ‘CARE-NP B+ (Is)’ [Single B Plus (Issuer)] to Aatmanirbhar Laghubitta Bittiya Sanstha Limited. Issuers with this rating are considered to have a high risk of default regarding the timely servicing of financial obligations.