IPO issue date of Upakar Laghubitta Bittiya Sanstha Limited has been fixed | IPO Issue

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IPO issue date of Upakar Laghubitta Bittiya Sanstha Limited has been fixed !

About IPO Issue of Upakar Laghubitta Bittiya Sanstha Limited (ULBSL):

 Upakar Laghubitta  Bittiya Sanstha Limited is registered as 'D' class Financial Institution (Microfinance Bank) with a capital of 60 million licensed by Nepal Rastra Bank. It was transferred from the microfinance programme of Mahila Upakar Munch. The paid up capital of this institution is 42.2  Million. It was established on Magh 17, 2075 at Kohalpur, Banke and started its services on 1st Chaitra 2075 and registered according to the company Act on Shrawan  25th 2075 . It operates 15 branches in 2 districts of  province no. 5 Nepal namely Banke & Bardiya.

 Get your IPO Allotment Result here

Upakar Laghubitta Bittiya Sanstha Limited (ULBSL) IPO issue and Result

ULBSL is quite aware of the institution's both social and economic service supply .Upgrade of socio economic status of members is the first priority for us. "Financial inclusion self-reliant organization" is the slogan of ULBSL. We are aware of the client protection, social performance and sustainability issues. It will continue to work in increasing financial inclusion and creating benefits for the clients. ULBSL will design client friendly products, services, delivery models to meet clients' needs.

 

NEPAL SBI MERCHANT BANKING LIMITED, who has been appointed as the issue manager for the IPO issuance, is going to open IPO issuance from 08 April 2022 i.e 2078 Chaitra 25.

 

The company is issuing  236,250 units of ordinary shares worth Rs 23,625,000 to the general public .

 

IPO Issue Credit Rating Action

  ICRA Nepal has assigned the issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP Issuer Rating Double B minus) to Upakar Laghubitta Bittiya Sanstha Limited (ULBSL). Issuers with this rating are considered to have a moderate risk of default regarding timely servicing of financial obligations. The sign of + (plus) or – (minus) appended to the rating symbol indicates their relative position within the rating categories concerned. The rating is only an opinion on the general creditworthiness of the rated entity and not specific to any debt instrument.

 


Video:

 

 

Tip: Make sure that enough balance is in your C-ASBA Bank account before applying for an IPO. Some banks charge per share application. Know C-ASBA charge of banks

 

Total IPO Issue

236,250 Unit

IPO Issue Manager

Mutual Fund (5%)

11,813 Unit

 

Nepal SBI Merchant Banking Limited

Employee (0/5%)

3,281 Unit

General Public

221,156 Unit

IPO Issue Date

08 April 2022 to 12 April 2022 (lately 22 April 2022)

IPO Result Date

IPO Allotment Result has been published now you can check your IPO Result here . Click Here for Result


Public Offering Notice 





Tip: You can see IPO result of Green Ventures Ltd  Click Here

 

Contact Address

 Kohalpur-11, Piapalchautara , Banke, Nepal
 Phone: +977-081-540744, 542053
 Fax: +977-081-540744
 Email: upakar.banke1@gmail.com

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