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

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

Jeevan Bikas Laghubitta Bittiya Sanstha Limited intends to sell stock in an initial public offering (IPO). The Securities Board of Nepal (SEBON) approved the IPO issuance on Jestha 30, 2078 BS. On Falgun 17, 2077 BS, the corporation presented an application to the board.

In the IPO, Jeevan Bikas Laghubitta will now offer 19,77,300 unit shares. Each share has a par value of Rs 100. As a result, the total public issue is Rs 19.77 crores.

NMB Capital Limited has been selected as the IPO’s issue manager.

Following the public offering, the general public will control 32.50 percent of the corporation. Similarly, the promoters will own 67.50 percent of the company.

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About Jeevan Bikas Laghubitta Bittiya Sanstha Limited

Jeevan Bikas Laghubitta Bittiya Sanstha Limited is a Nepal Rastra Bank-licensed ‘D’ class microfinance organization. It is a Nepalese national level microfinance organization launched by Jeevan Bikas Samaj (Non-Governmental Organization). On Falgun 16, 2075 BS, it began its microfinance activity.

The corporation successfully concluded its merger with Garibi Nyunikaran Laghubitta, Rajbiraj, and Solve Laghubitta, Dhankuta, and began joint operations on Bhadra 22, 2077 BS.

Jeevan Bikas Laghubitta has a paid-up capital of Rs 41.06 crores as of Chaitra end 2077 BS. It also has a reserve and excess of Rs 118.39 crores. As loans and advances, the company has issued Rs 20.07 Arba. [From the Unaudited Q3 Report for Fiscal Year 2077/78]