The IPO result of Jalpa Laghubitta will be published on 13 Feb, 2022 5 PM at Prabhu Capital. Jalpa Laghubitta IPO resut.
Microfinance had issued 522,000 IPOs worth Rs 52.2 million since January 7. Of that, 0.5 percent or 8,000 shares have been secured for employees and 5 percent of the shares allotted to the general public or 26,100 shares have been secured for collective investment funds. The remaining 4 lakh 87 thousand 900 shares will be distributed to the public only.
According to CDS & Clearing, Limited 2,659,540 applicants have applied for 3,25,20,580 shares worth Rs. 3,252,058,000.
This is 66.65 times more than the 4,87,900 allotted to the general public.
As there are more applications than demand, the shares will be distributed at the rate of minimum 10 lots as per the Securities Issuance and Distribution Directive. Accordingly, only 48 thousand 790 lucky applicants will get the share of microfinance.
It is seen that more than 2.6 million people will not get shares when the shares are distributed at the rate of minimum 10 lots.
At present, the paid up capital of microfinance is Rs. 107.8 million. After the IPO allotment, the paid up capital of microfinance will reach 160 million.
|Jalpa Samudayik Bittiya Sanstha Limited|
|IPO Result Allotment Date (JSLBSL)||Feb 13, 2022 (5 PM)|
|IPO Issue Date||Feb 4, 2022|
|IPO Closing Date||Feb 8, 2022|
|Number of IPO Applicants||2650000|
About Jalpa Samudayik Laghubitta Bittiya Sanstha Limited
Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JSLBSL) started joint operation in December 2020 following the merger of two regional level MFIs (viz. Jalpa Laghubitta Bittiya Sanstha Limited (JLBSL), 10-district MFI operating since March 2019 and Mahila Samudayik Laghubitta Bittiya Sanstha Limited (MSLBSL), another 10-district MFI operating since February 2019). JSLBSL has an NGO background with the takeover of microfinance business operated by FINGOs.
JLBSL took over the microfinance business being conducted by Srijana Development Centre (SDC), an NGO, operating as a financial intermediary from 2003. Similarly, MSLBSL took over the microfinance business conducted by Nepal Women Community Service Centre (NWCSC), another NGO, operating as a financial intermediary from 2003.
JSLBSL’s shareholding as of mid-April 2021 consisted of SDC (~32%), NWCSC (~24%), Prime Commercial Bank Limited (~6%), Jyoti Bikas Bank Limited (~5%), Pokhara Finance Limited (~5%), and rest individual and institutional promoters (~28%) and is operating through a network of 76 branches across 19 districts. The registered and corporate office of the company is located at Pokhara-8, Kaski, Nepal.
How to Check result of Jalpa Laghubitta ?
The IPO result of Jalpa Laghubitta will be published on three different websites. The websites for the IPO allotment result of Jalpa Laghubitta are as follows.