Kathmandu. Swastik Laghubitta Financial Institution is going to issue ordinary shares (IPOs).

In the first phase, the company is going to issue ipo to Nepalis in foreign employment from July 1. The company had approved the issue of 231,000 units of IPO worth Rs 23.1 million.

In the first phase, the company will issue 23,000 units of shares at the rate of Rs 100 per share to nepalis in foreign employment. Similarly, 1,155 units have been allotted to employees and 11,550 units to mutual funds.

In addition, the remaining 195,595 units of shares will be sold to the general public in the second phase. Nepalis in foreign employment can apply till July 30. Applications can be made from a minimum of 10 units to a maximum of 5,000 units. The IPO can be applied through banks and financial institutions with C-ASWA members and my shares.