Kathmandu. Swastik Laghubitta Financial Institution has issued general shares (IPO) from today. In the first phase of this IPO, Nepalis living abroad will be able to apply for employment after getting labor approval.

In the second phase, the company will issue 195,195 units of shares worth Rs 19,519,500 to the general public.

The company is issuing 231,000 units of shares worth Rs 23.1 million, representing 40 per cent of the issued capital. A total of 1,155 units of shares have been issued for employees of the company, 11,550 units for mutual funds and 23,100 units for Nepalis living abroad.

Applications for the IPO can be made till August 30. If the application is not received as per the demand during the period, the application can be submitted till August 15. Applications can be made for a minimum of 10 units and a maximum of 5,000 units.

Nepalis living abroad can apply through banks and financial institutions and my shares. Nabil Investment Banking is its sales manager.