From Ashad 17, Manakamana Smart Laghubitta will issue 389,000 shares in an IPO

Jeevan Bikas Laghubitta To Float 19,77,300 Shares In IPO

In a public offering, Manakamana Smart Laghubitta Bittiya Sanstha Limited will issue shares. The initial public offering (IPO) will begin on Ashad 17, 2078 BS. If fully subscribed, the issue will close on Ashad 21, 2078 BS. If it remains under-subscribed until then, the application deadline will be extended to Ashad 31, 2078 BS.

In the IPO, the company will offer 389,000 unit shares. Each share has a par value of Rs 100. As a result, the total public issue is Rs 3.89 crores.

Employees of the company will receive 6058 unit shares out of the total issue, while mutual fund schemes will receive 19,450 unit shares. As a result, the remaining 3,63,492 shares are open to the general public to apply for.

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A minimum of 10 shares and a maximum of 1,000 shares can be applied for.

The IPO was approved by the Securities Board of Nepal (SEBON) on Ashad 6, 2078 BS. On Falgun 14, 2077 BS, the company submitted an application to SEBON.

The issue manager for the IPO has been named NMB Capital Limited.

Manakamana Smart Laghubitta Bittiya Sanstha Limited

Manakamana Smart Laghubitta is a Nepal Rastra Bank-licensed ‘D’ class microfinance institution. It began operations on Falgun 6, 2074 BC. The company’s headquarters are in Rupandehi’s Siddharthanagar-5.

Manakamana Laghubitta, Rupandehi and Smart Laghubitta, Dang successfully merged to form ‘Manakamana Smart Laghubitta.’

Rupandehi, Kapilbastu, Rolpa, Pyuthan, Arghakhanchi, Gulmi, Parbat, Palpa, Syanja, and Tanahun districts make up the company’s working area.

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Manakamana Smart Laghubitta has a paid-up capital of Rs 8.22 crores as of Chaitra end 2077 BS. [Based on unaudited Q3 Report, FY 2077/78] It has floated Rs 94.97 crores in loans and advances.