Jalpa Laghubitta is Going to Issue IPO Shares | IPO Details

Jalpa Laghubitta is Going to Issue IPO Shares | IPO Details

Jalpa Laghubitta IPO

Jalpa Laghubiitta Bittiya Sanstha is going to issue IPO shares in the Primary share market in Nepal soon. The company is working on their initial public offering. The company has issued Prabhu Capital Limited as its Issue Manager, has received ratings from ICRA Nepal, but to issue IPO shares, the company must have approval from SEBON. So, Jalpa Laghubitta Bittiya Sanstha limited is still working on getting approval from SEBON (Securities Board of Nepal).

If approved by SEBON, the Jalpa Micro-Finance company limited will float its 522,000 units of IPO shares worth NRS. 52,200,000 in the primary market of Nepal. Jalpa laghubitta is issuing fewer units of IPO shares. The price of the IPO will be NRS. 100/unit.

As of now, the paid-up capital of the company is Nrs. 10.88 Crores, and it will be Nrs. 16 Crores after issuing IPO shares.

Jalpa Lahubitta Company has announced Prabhu Capital Limited as its Issue Manager. Rating agency ICRA Nepal has assigned the issuer ratings of ICRA-NP IR BB rating, which consider having a moderate risk on timely servicing its financial obligations.

Want to know more about Upcoming IPOs? Check This: List of all Upcoming Initial Public Offering in Nepal.

IPO Details:

Company Name: Jalpa Laghubitta Bittiya Sanstha Limited
Size of Public Issue: 5.22 Lakh Units
Issue Manager: Prabhu Capital Limited
IPO issuing Date: Not Fixed Yet (Will be updated after it gets fixed)
Paid Up Capital: NRS. 10.88 Crores
Paid Up Capital (After IPO): NRS. 16 Crores (+ 5.22 Crores)
Approved By SEBON: Application Not Sent
Ratings: ICRA-NP IR BB
Ratings by: ICRA Nepal
Head Office: Simalchaur, Pokhara, Kaski District


Jalpa Laghubiita Bittiya Sanstha

Jalpa Laghubitta Company is a company located in the Pokhara Metropolitan city of the Kaski district of Nepal. As of July 20 2021, they have a total of 369 actively working staff, 74 branches, and 85199 clients. The company have 39338 loan clients, Outstanding loan worth of Nrs. 3810537313 and finally Saving Collection worth Nrs. 2147726062. 

Vision

The Jalpa Laghubitta company's vision is to establish a prosperous society.

Mission

The mission of this micro-finance company is to extend financial services and social awareness to the deprived people with due consideration of financial access and literacy.

Aim

It aims to enhance the socio-economic condition of the deprived people by uplifting economic and social livelihood through sustainable microfinance services.

Main Objectives

The main objectives to this company are:
  • To provide cost-effective and efficient microfinance services.
  • To raise awareness about microfinance services.
  • To be dedicated to the members/customers and provide them with top quality services.
  • Strong human resource management to focus on competitive advantage.
  • To respond to both internal and external environments and take measurable steps to reach its organizational goals.
Source of Information: Jalpa Laghubitta Bittiya Sanstha


Conclusion

The company Jalpa Laghubitta bittiya Sanstha limited is working to issue its IPO shares till now. The size of the public issue is small. If it gets approval from the Securities Board of Nepal (SEBON), the company will float IPO shares in the primary share market in Nepal.

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