Gurans Laghubitta IPO opens from today; company to issue 2.33 lakh units to general public

Mon, Apr 29, 2019 5:39 AM on IPO/FPO News, Latest,

Gurans Laghubitta Bittiya Sanstha Limited is issuing 2,50,000 units ordinary shares worth Rs 2.50 crore to the general public from today (Baisakh 16, 2076). The early closing date of this IPO issue is on Baisakh 20, 2076 and if the issue is not subscribed till Baisakh 20 then this issue can be extended upto Jestha 14, 2076.

Out of the offered 2,50,000 units; 3,875 units (0.5% of issued capital) have been allotted for the employees of the company and 12,500 units (5% of total units allocated for general public) have been allotted for the mutual funds. The remaining 2,33,625 units are for the general public.

Applications can be place for minimum 10 units and maximum 500 units. Application can be placed from the financial institutions providing C-ASBA facility or through Meroshare.

NIBL Ace Capital Limited has been appointed as the issue manager for the IPO issuance.

The microfinance institution currently has issued capital of Rs 7.75  crore and paid up value of Rs 5.25 crore. After the issuance of the IPO shares, the paid up value  will scale up to Rs 7.75 crore.

The institution was established in BS 2073 and is currently providing microcredit facilities to 11K rural members through its 22 branches located at 10 different districts of province 1.

Gurans Laghubitta Bittiya Sanstha Limited has earned Rs 69.07 lakhs till the end of third quarter of the fiscal year 2075/76.

Click here for Gurans Laghubitta Company Analysis:

Click Here for IPO offer Letter: