Securities Board of Nepal (SEBON) has given its final approval to the IPO issuance of Chautari Laghubitta Bittiya Sanstha Limited.
The microfinance company will be issuing 5.40 lakh unit shares as IPO for the general public at par value of Rs 100.
NIBL Ace Capital has been appointed as the issue manager for the purpose of IPO issuance.
Chautari Laghubitta has an authorized capital of Rs 30 crore, whereas, paid up capital is Rs 12.60 crore. After the isuance of IPO, its paid up capital will stand at Rs 18 crore.
ICRA Nepal has assigned Grade 4 rating to the IPO issuance of Chautari Laghubitta indicating below average fundamentals.
Chautari Laghubitta Bittiya Sanstha is a microfinance company with its head office located in Butwal operating in 10 districts including Rupandehi, Nawalparasi, Kapilbastu, Gulmi, Argakhachi, Palpa, Dang, Pyuthan, Rolpa and Salyan with 34 branches.