IPO Proposal of Dhaulagiri Laghubitta in SEBON's Pipeline

Dhaulagiri Laghubitta Bittiya Sanstha Limited has submitted an IPO proposal to SEBON. The company wishes to issue 3,31,000 shares to the public.

The microfinance company has appointed Sunrise Capital as the issue manager. The application was submitted to SEBON on Falgun 23.

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.

As of Poush 2078, the company serves 34,438 members through 191 employees employed at 46 branches in 20 districts. As of the same date, the company reported Rs. 1.44 Arba worth of loan investment, Rs. 62.14 crores worth of deposit collection, and Rs. 61.80 crores worth of interbank borrowing. The company aims to provide banking services to the rural population and contribute to the overall poverty reduction program through the increment of production and productivity of rural Nepal.

Dhaulagiri Laghubitta reported a net profit of Rs 21.50 million in the 2nd quarter of the fiscal year 2078/79.

Earlier, Adhikhola Laghuubitta Bittiya Sanstha had signed a merger MoU with Dhaulagiri Laghubitta. Adhikhola Laghuubitta is a microfinance company listed in NEPSE. The trading of AKBSL is on halt since Poush 3, 2076 for the merger procedure.