Nepal, July 3 -- Swastik Laghubitta Bittiya Sanstha Ltd is set to open its Initial Public Offering (IPO) from July 11, targeting Nepali citizens working abroad in the first phase.

In this round, the microfinance institution will issue 23,100 shares at a face value of Rs 100 each, totaling Rs 2.31 million. Applications for the IPO can be submitted until July 25. Interested investors can apply for a minimum of 10 shares and up to a maximum of 5,000 shares.

Related story Swastik Laghubitta to issue IPO

The company has received approval to issue a total of 231,000 shares, equivalent to 40 percent of its paid-up capital, amounting to Rs 23.1 million.

Out of the total IPO shares, 1,155 shares have been reserved for employees, 11,550 shares ...