Heads Up: Manakamana Smart Laghubitta Receives Regulator's Nod of Approval to Issue IPO

Manakamana Smart Laghubitta Bittiya Sanstha Ltd. has received the regulatory board's approval to issue an IPO.

The company has 12,11,500 registered shares of which 3,89,000 shares will be issued via the IPO. This makes up 32.11% of the company, the rest 67.89% being held by the promoters.

NMB Capital is the issue manager. The board approved the IPO proposal on Ashad 06.

Siddharthanagar based Manakamana Laghubitta and Ghorahi based Smart Laghubitta have already begun a joint transaction after the successful merger process, under the name Manakamana Smart Laghubitta Bittiya Sanstha Limited. Newly revamped Manakamana Smart Laghubitta has a paid-up capital of Rs 8.22 crore.