NADEP Laghubitta IPO : Allotment likely to be done tomorrow

As per the latest information received from official of Nabil Investment, the IPO allotment of NADEP Laghubitta will be done tomorrow.

"The entire procedure from the company has been completed and we are waiting for the approval from the Securities Board. The approval will likely be received tomorrow and allotment will be done tomorrow evening itself" said the official of Nabil Investment. 

As per the previous information, Nabil Investment was working with an aim to allot the shares before 22nd Ashad. 

Nadep Laghubitta had floated 4,80,000 units at a face value of Rs 100 from 10th Ashad to 13th Ashad, 2075. 

Nabil Investment is issue manager for the IPO. ICRA Nepal, had assigned ‘Grade 4+’ rating to the proposed Initial Public Offering (IPO).

NADEP earned Rs 4.46 crore in the third quarter of the fiscal year 2074/75. It has paid-up capital of Rs 11.20 crore with reserve of Rs 15.57 crore in Q3. The per share earning (EPS) stood at Rs 53.09 in the same period.