Samudayik Laghubitta to float 300,000 units in general public; Issue to commence from Magh 9

Kavrepalanchok based Samudayik Laghubitta is all set to float its shares among general public. The company's offer letter published today has specified the date for the public issue. The company will issue shares from Magh 9, 2074 (23rd Jan 2018) to Magh 12. 

The company will issue shares worth Rs 3 crores i.e. 3 lakh units at a face value of Rs 100. However, only 2,73,000 units will be available for the general public. The company will set aside 4% and 5% of the total issue for employees and general public respectively. 

An applicant can apply minimum of 50 units and maximum of 1500 units. 

Nepal SBI merchant is the issue manager for the issue. 

Samudayik Laghubitta currently has a paid-up capital of Rs 7 crores. The capital will hike to Rs 10 crores after the issue.