Upakar Laghubitta Bittiya Sanstha Limited IPO has issued 236,250 units worth Rs 2.36 crores as Initial Public Offering to the general public from Chaitra 25 to Chaitra 29, 2078. This Upakar Laghubitta Bittiya Sanstha Limited IPO is already oversubscribed today.
A total of 236,250 units were issued, a total of 3,281 units have been secured for the employees of the company and a total of 11,813 units have been secured for the mutual funds. The remaining 221,156 units have been issued to the general public.
Nepal SBI Merchant Banking Limited is the issue manager for the IPO. The investor can apply for a minimum of 10 units and a maximum of 1,000 units. But only applying 10 units is appropriate for the IPO.
After the issuance of 236,250 units worth Rs 2.36 crore IPO shares, the total capital will be reached its paid-up capital of Rs 6.56 crore. The promoter/public ratio will be reached 64:36.
ICRA Nepal is the rating of [ICRANP-IR] BB- (pronounced ICRA NP issuer rating double B minus) to ULBSL. It indicates a moderate risk of default regarding timely servicing of financial obligations of the company.
Upakar Laghubitta Bittiya Sanstha Limited is established as a ‘D’ class Financial Institution with a capital of 60 million licensed by Nepal Rastra Bank. It was transferred from the microfinance program of Mahila Upakar Munch. The paid-up capital of this institution is 42.2 million. It is established on Magh 17, 2075 at Kohalpur, Banke, started its services on 1st Chaitra 2075, and registered according to the company Act on Shrawan 25th 2075. It operates 15 branches in 2 districts of province no. 5 Nepal namely Banke & Bardiya.
Upakar Laghubitta Bittiya Sanstha Limited IPO How to Apply
Do you want about how to apply IPO from Mero share for Upakar Laghubitta ? If yes, you need to follow the below steps;
- Go to official website www.meroshare.cdsc.com.np meroshare cdsc com np login
- Select Your DP (Bank or Capital where you open your mero share and CRN account)
- Enter the user name and password,
- Click on login bottom
- Go to my ASBA
- Click on my ASBA
- See on the Apply on issue
- Click on the Apply bottom
- Fill in the required information (Select bank account, number of applied shares)
- Enter the CRN number on the same page and click on all information is a current option,
- Then click on apply
- Then write the four digit security code or OTP
- Then submit
Application was completed; you will see that successfully applied with green color.