Mahila Laghubitta IPO January 4
Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) is going to issue Mahila Laghubitta IPO from Magh 28 (February 10). The issued capital of the company is Rs. 40 percent of Rs. 100 million. A total of 400,000 ordinary shares at a face value of Rs 100 per share will be issued.
Out of the total shares to be issued, 0.5 percent of the issued capital i.e., 5,000 shares have been allotted to the employees. Similarly, 5 percent of the shares allotted to the public, i.e., 20,000 shares have been allotted for collective investment funds, while the general public will be able to apply for the remaining 375,000 ordinary shares.
The last date to apply for the Mahila Laghubitta IPO is early Falgun 2 (February 14) and late Falgun 12 (February 23). Applicants will be able to apply for a minimum of 10 lots and a maximum of 1,000 lots. The IPO issue and sale manager of the company is Nepal SBI Merchant Banking Limited.
Applicants can apply from all ASBA member banks and financial institutions approved by the Nepal Securities Board and their designated branch offices. They will also be able to apply using MeroShare application.
ICRA Nepal has given “ICRA Issuer Rating Double B” to the company’s IPO. The rating indicates that there is a moderate risk of meeting financial obligations. Currently, the company’s paid-up capital is Rs. 60 million after the IPO it will reach 100 million.