The IPO of Sabaiko Laghubitta Bittiya Sanstha Limited is allotted today i.e. Shrawan 10, 2076 at the premises of NIBL Ace Capital Limited, Lazimpat, Kathmandu. The company had closed the issue of 5,30,000 units ordinary shares worth Rs 5.3 crore to the general public on Shrawan 5, 2076.

Out of the offered 5,30,000 units; 0.5% of issue capital i.e. 8,250 units have been allotted to the employees of the company and 5% of total offered share to general public i.e. 26,500 units have been allotted to the different mutual funds. The remaining 4,95,250 units are for the general public.

The issue had received applications from 3,01,738 valid applicants who had applied for a total of 55,57,620 units. The issue was oversubscribed by more than 11.25 times.

As per the allotment module, total 49,525 applicants were allotted 10 units each via lottery and remaining 2,52,667 applicants were returned empty hand. The total 454 applicants who applied for 11,960 units were invalid.

The result will be published on sharesansar.com soon.

The microfinance collected Rs.33.65 crore as deposits and floated Rs.1.41 arba as loans and advances by the end of the third quarter of the current fiscal year. The Non-Performing Loan (NPL) of the microfinance company stands at 0.19%.

In the third quarter of the fiscal year 2075/76, the net profit of the company has been reported to be Rs.2.19 crore compared to a net loss of Rs.32.20 Lakhs reported in the corresponding quarter of the previous year.