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Manushi Laghubitta Bittiya Sanstha Limited IPO Date

News 27 Jul 2021 2326 0

Manushi Laghubitta Bittiya Sanstha Limited IPO Date

Manushi Laghubitta Bittiya Sanstha Limited is going to issue IPO to the public from 11 August 2021 (27th Shrawan 2078). Manushi Laghubitta IPO is about to issue 3,93,750 units IPOs worth Rs 39.37 million.

Manushi Laghubitta has reserved 0.5 percent or 5,469 units of shares out of the total 3,93,750 units of shares to be issued to employees and 5 percent or 19,688 units of shares to mutual investment funds.

The general public will be able to apply for the remaining 368,593 units of shares. Manushi Laghubitta is about to issue 36 percent of its total issued capital.

Applications for the IPO can be submitted as early as 15th August (31st Shrawan) and as late as 25th August (9th Bhadra). Investors will be able to apply for a minimum of 10 units to 1,000 units.

The IPO issuance and sales manager is Nepal SBI Merchant Banking Limited. Interested applicants can apply through C-ASWA Member Banks and Financial Institutions and MeroShare website and app.

CARE RATING NEPAL has given Manushi Laghubitta a Care NP B+ Issuer rating in the credit rating for IPO issuance. This indicates a high risk of failing to meet financial obligations on time.

Currently, Manushi Laghubitta has a paid-up capital of Rs 70 million. After the IPO allotment, the paid-up capital of microfinance will reach Rs. 109.37 million.

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