1,32,000 Units IPO of Khaptad Laghubitta Bittiya (KHLBSL) in SEBON's Pipeline

The IPO proposal of Khaptad Laghubitta Bittiya Sanstha Limited (KHLBSL) is in SEBON's pipeline.

The company has submitted a proposal to the capital market regulator to issue a total of 1,32,000 shares. This will raise Rs. 1.32 crores for the company.

The application was submitted on Baisakh 11. Prabhu Capital Limited has been appointed the issue manager for the public offering.

Khaptad Laghubitta Bittiya Sanstha came into existence in September 2019 and started its operations from July 2020 with licence to operate in the Sudurpaschim Province. KLBSL is promoted by a development bank, Shine Resunga Development Bank Limited (5.6%), an asset management company I Capital Private Limited (7.46%) and 60 individual promoters. Mr. Suresh Bahadur Bam is the Chief Executive Officer of the company. The registered and corporate office of KLBSL is in Godawari-1 Kailali, Nepal.

Lately, ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP Issuer Rating Double B minus) to Khaptad Laghubitta Bittiya Sanstha Limited (KLBSL). Issuers with this rating are considered to have a moderate risk of default in the timely servicing of financial obligations.