Mahuli Samudayik Laghubitta appoints NCM Merchant as issue manager; to float 1.20 lakh units IPO shares

Mahuli Samudayik Laghubitta Bittiya Sanstha Limited has appointed NCM Merchant Banking Limited, Kamalpokhari, Kathmandu as its issue manager. Shyam Kant Chaudhary, CEO of Mahuli Laghubitta and Bijaya Lal Shrestha , Managing Director of NCM Merchant signed the agreement. Mahuli Samudayik Laghubiita is issuing 1, 20,000 units Initial Public Offering (IPO) worth Rs 1.20 crore to general public. Mahuli Laghubitta started its operation from Jestha 30, 2070. The microfinance company has its working area in 10 districts with 28 branches. At present the microfinance company has floated loan worth Rs 96.43 crore and collected deposit of Rs 49.41 crore. It has 54 thousand customers.