SEBON approves to issue 3 lakh unit IPO shares of Samudayik Laghubitta

Securities Board of Nepal (SEBON) has approved the Initial Public Offering (IPO) of Samudayik Laghubitta Bittiya Sanstha Limited. Samudayik Laghubitta is coming out with 3,00,000 units IPO shares worth Rs 3 crore at par value of Rs 100 per unit to the general public. Nepal SBI Merchant Banking Limited is the issue manager for the IPO. The IPO of Samudayik Laghubitta will be the first public offering managed by Nepal SBI Merchant Banking Limited. Samudayik Laghubitta is located at Kavrepalanchowk district of Nepal. At present, the microfinance company is rendering financial services through 32 branch offices. Samudayik has paid-up capital of Rs 7 crore, and after issuance of IPO shares its capital will reach Rs 10 crore. It had posted net profit of Rs 45.11 lakh in the first quarter of the FY 2074/75.