Kathmandu. The IPO issued by Jalpa Community Microfinance Institution has received 44 times more applications than the demand. According to CDS and Clearing (CDSC), the IPO, which has been open for sale since January 7, has received 44.58 applications in two working days.

As per the update, 217.49 million 490 lots of shares have been applied for. According to CDSC, 1.754 million 517 applicants have so far submitted applications worth Rs 2.17 billion. Which is about 44.58 times more than the public demand. Microfinance has demanded 4,87,900 shares from the public. Microfinance is issuing 522,000 IPOs worth Rs. 52.2 million to the general public.

Interested persons should submit their application as early as possible by 2022 February 10. Those interested can apply for a minimum of 10 lots and a maximum of 5,220 lots through C-ASWA member banks and financial institutions and My Share's website and app. But since the IPO of the company is very low, it seems appropriate for investors to invest only for 10 lots.

Similarly, Prabhu Capital is the IPO issuer and sales manager. The company has received an ICRA rating for IPO issuance from Nepal, an ICRA NP IR Double B rating, indicating a moderate risk in fulfilling its financial obligations on time