Jeevan Bikash Laghubitta Bittiya Sanstha Limited (JBLBSL) will allot 19,77,300 units of shares on 23rd Ashar, 2078 B.S on Wednesday. In case you are wondering to check the IPO result of Jeevan Bikash Laghubitta Sanstha, Just read this article and find a simple way to check your result.
According to the issue manager, the IPO of the company was oversubscribed by over 17 times. 20,84,762 applicants had applied for 3,12,66,260 units of shares.
Out of the 19,77,300 units of shares; 1,84,801 applicants will receive 10 units of shares while 5 lucky applicants get 11 units.
JBLBSL issued 19,77,300 units of shares on the 11th of Ashar,2078, and closed it on the 15th of Ashar. It issued the IPO at the face value of Rs 100.
Among the total 19,77,300 shares, 30,420 will go to the company’s employees, and 95,865 will go to mutual funds. As a result, the remaining 18,48,015 shares are distributed to the general public.
NMB Capital is the issue manager responsible for issuing the IPO. It had received an ICRA Rating of BBB- which shows moderate risk at the time of operation.
How to Check IPO Result of Jeevan Bikash Laghubitta Bittiya Sanstha
About the Company
JBLSBL is a microfinance institution whose sole purpose is to eradicate poverty in Nepal. This company was formed on Sep 7, 2020, by combining Jeevan Bikas, Garibi Nyinikaran, and Solve Laghubitta.
From a non-profit to a microfinance organization, it started offering financial services on 3rd March 2008 by acquiring permission from Nepal Rastra Bank to operate as a “D” class financial institution.
In the Eastern region, the organization is considered a reliable and supportive source for microfinance, and its primary goal is to eliminate poverty in the country.
The organization has been continuously working to improve public standards of living while providing loans to poor people and encouraging them to save, obtain insurance, and send remittances. Morang is the headquarters of the company.