Be Informed: Mahila Laghubitta has Delayed its IPO Issue; Will Open Only on Magh 30

Mahila Laghubitta Bittiya Sanstha Limited has changed the date for its IPO issue. The company had scheduled the issue from Magh 28 to Falgun 02. However, CDSC requested the company to delay its issue for technical reasons.

The company will now be issuing 4,00,000 units worth Rs 4 crore as Initial Public Offering to the general public from Magh 30. The early closing date of this issue is on Falgun 04 and if the issue is not fully subscribed till then, the deadline can be extended up to Falgun 14, 2077.

Out of the offered 4,00,000 units; 0.5% of the total issue capital i.e. 5,000 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 20,000 units have been set aside for the mutual funds. The remaining 3,75,000 units are for the general public.

Nepal SBI Merchant Banking Limited has been appointed as the issue manager for the IPO issuance.

Applications can be placed for a minimum of 10 units and a maximum of 1,000 units.

After the issuance of 4,00,000 units worth Rs 4 crore IPO shares to the general public i.e 40% of total capital which will together raise its paid-up capital to Rs 10 crore and the promoter/public ratio will be 60:40.

Meanwhile, the company has reported a rise in net profit by 159.46% in the second quarter of the fiscal year 2077/78. It has published an unaudited financial report for the second quarter. It has stated that net profit has increased to Rs. 5.43 crore in the second quarter of the fiscal year 2077/78 from Rs 2.09 crore reported in the corresponding quarter of the previous fiscal year 2076/77.

Furthermore, it is worth mentioning that NRB has already approved Mahila Laghubitta's proposal to acquire Jalpa Laghubitta Bittiya Sanstha Limited.