Dhaulagiri Laghubitta Gets Approval From SEBON To Issue 3,31,000 Units IPO to General Public

Dhaulagiri Laghubitta Bittiya Sanstha Limited (DLBS) has been granted permission to launch an initial public offering (IPO). The Securities Exchange Board of Nepal (SEBON) granted the company authorization to issue IPO on Ashad 24, 2079.

With the board's approval, the company will now offer 3,31,000 unit shares of Rs 100 par value each of total worth Rs. 3.31 crores to the general public. This is 32.10% of its issued capital of Rs. 10.31 Crores. Similarly, Sunrise Capital Limited is stated to be the share issue's sales manager.

Dhaulagiri Laghubitta is a microfinance institution licensed as a national level "D "class financial institution from Nepal Rastra Bank, the central bank of Nepal. Established on 3rd July 2018 as a Public Limited Company under Company Act 2063 of Nepal and licensed from the Central Bank of Nepal on 19th Feb 2019, its head office is at Balgung Municipality 2 Shreenagar Tole Baglung.