Khaptad Laghubitta Issuing 1,32,000 units IPO Shares to General Public from Bhadra 08

Khaptad Laghubitta Bittiya Sanstha Limited (KHLBSL) will be issuing 1,32,000 units worth Rs 1.32 crore as Initial Public Offering to the general public from Bhadra 08. The early closing date of this issue is on Bhadra 12 and if the issue is not fully subscribed till Bhadra 12, then it can be extended up to Bhadra 22, 2079.

Out of the offered 1,32,000 units; 1.5151% of the total offered shares to the general public i.e. 2000 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 6,600 units have been set aside for the mutual funds. The remaining 1,23,400 units are for the general public.

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

Applications can be placed for a minimum of 10 units and a maximum of 1,320 units.

After the issuance of 1,32,000 units worth Rs 1.32 crore IPO shares the general public i.e 33% of total capital which will together raise its paid-up capital to Rs 4 crore and the promoter/public ratio will be 67:33.

Khaptad Laghubitta Bittiya Sanstha came into existence in September 2019 and started its operations from July 2020 with licence to operate in the Sudurpaschim Province. KLBSL is promoted by a development bank, Shine Resunga Development Bank Limited (5.6%), an asset management company I Capital Private Limited (7.46%) and 60 individual promoters. Mr. Suresh Bahadur Bam is the Chief Executive Officer of the company. The registered and corporate office of KLBSL is in Godawari-1 Kailali, Nepal.

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