4.20 lakh unit shares of Janasewi Laghubitta added in SEBON’s IPO pipeline; Paid-up capital to reach Rs 14 crore after issuance

Securities Exchange Board of Nepal (SEBON) has added 4.20 lakh unit initial public offering (IPO) of Janasewi Laghubitta Bittiya Sanstha Limited in the IPO pipeline.

The microfinance company will be issuing 4.20 lakh unit shares of Rs 100 each for the general public. The company has planned to issue IPO within Poush of the month.

NMB Capital has been appointed as the issue manager for the IPO issuance.

Parbat based microfinance company has issued capital of Rs 14 crore which includes Rs 9.80 crore from the promoters and after the issuance of Rs 4.20 crore worth of IPO the capital will be fully paid-up.

The microfinance has expanded its working area in 10 districts including Parbat, Baglung, Myagdi, Rukum, Rolpa etc. With the help of 21 branches, the company has floated more than Rs 1.15 arba loan and collected more than Rs 12 crore from the members as well.