The BPW Laghubitta IPO wait is finally over, and you can now view the offerings on your Meroshare accounts from the 18th to the 23rd of Falgun, 2079. The company plans to release 97,000 IPO units, with 80,950 units available for the general public and 16,050 units reserved for mutual funds, project-affected areas, and Nepalese citizens employed abroad. The latter group can apply for the IPO units starting from the 22nd of Magh.
BPW Laghubitta Bittiya Sanstha Limited - Upcoming IPO in Nepal
| Name of the company | BPW Laghubitta Bittiya Sanstha Limited |
|---|---|
| Total IPO | 97,000 units |
| Total IPO | 2,03,380 units |
| IPO for General Public | 80,950 units |
| Date of IPO | 18th-23rd Falgun, 2079 |
| Sector | Microfinance |
| IPO Price | Rs. 100 |
| Issue Manager | Mega Capital Markets |
| Application quantity | 10 Units Minimum |
BPW Laghubitta Bittiya Sanstha Limited has earmarked 32.33% of its issued capital, equivalent to 97,000 unit shares valued at Rs. 97 lakhs, for the general public in its Initial Public Offering (IPO). Among these 97,000 units, 10% or 9,700 units have been reserved for Nepalese citizens employed abroad, 1.5% or 1,500 units have been kept aside for company employees, and 5% or 4,850 units have been allotted to mutual funds. The remaining 80,950 units are up for purchase by the general public.
About Company
BPW Laghubitta Bittiya Sanstha was founded in September 2018 and began operating in April 2019 as a licensed MFI operating in Bagmati Province. Following its licensing, BPW acquired the microfinance business previously conducted by Business and Professional Women Patan (BPW Patan), an NGO that has been operating as a financial intermediary since 2002, established in March 1995. The company is backed by 72 promoters, consisting of 71 individual promoters and one NGO, BPW Patan, with a ~1% equity stake. The Acting Chief Executive Officer of BPW is Mr. Pradeep Koirala, and the registered and corporate office of the company is located in Banepa-8 Kavre, Nepal.
Mega Capital Markets has been appointed as the issue manager for BPW Laghubitta Bittiya Sanstha Limited, and the face value of the IPOs has been set at Rs. 100 each. While you can apply for up to 1000 units of IPO, it's advisable to adhere to the minimum limit of 10 units, given the current boom in the share market.
Prepare yourself to apply for the upcoming Laghubitta IPOs 2079 in Nepal.
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