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Samudayik Laghubitta to float IPO from January 23

Samudayik Laghubitta Bittiya Sanstha Limited (SAMUDAYIK) is set to issue initial public offering (IPO) of 300,000 unit shares worth Rs 30 million from January 23 to 26.

The microfinance company has allocated 12,000 units of shares to its employees and 15,000 units of shares to the mutual funds. The company will issue remaining 273,000 units of share to the general public.

The general investors can apply for a minimum of 50 units and maximum of 1,500 units of share.

The company has appointed Nepal SBI Merchant Banking as its issue manager.

Samudayik has a paid-up capital of Rs 70 million which will reach Rs 100 million after the IPO issuance resulting its promoter: general share ratio adjusted at 70:30.,11 jan 2018



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