NADEP Laghubitta IPO commencing from tomorrow ; Can apply as low as 20 units

The Initial public offering of NADEP Laghubitta is commencing tomorrow. As per the offer letter published , the issue will end on 13th Ashad, 2075 (if early).

The company will float 4,80,000 units at a face value of Rs 100. However, 24,000 units (5%) will be set aside for company's employees whereas the other 24,000 units (5%) will be set aside for mutual funds. A total of 4,32,000 units will be available for the general public. 

An applicant needs to apply for a minimum of 20 units whereas the upper ceiling will be of 2,400 units. 

Nabil Investment will be the issue manager for the IPO. ICRA Nepal, has 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.