RSDC Laghubitta 10 lakh units IPO shares in NEPSE; Shares to be traded after 7 days

Nepal Stock Exchange Limited (NEPSE) has listed 10 lakh units’ Initial Public Offering (IPO) shares of RSDC Laghubitta Bittiya Sanstha Limited. The microfinance company had floated 4, 00,000 unit shares worth Rs 4 crore IPO shares from Bhadra 5, 2073 till Bhadra 8, 2073. The listed shares will be tradeable in NEPSE after 7 days of listing in NEPSE. The trading range may start from Rs 115.35 – Rs 346.05. RSDC Laghubitta had set aside 8, 000 unit shares for its employees and 20, 000 unit shares for the existing 7 mutual fund companies. The mutual fund schemes were Nabil balance fund-1, NMB Sulav Investment Fund – 1, NIBL Sambriddhi Fund – 1, Laxmi Value Fund -1, Siddhartha Equity Oriented Scheme, Siddhartha Investment Growth Scheme- 1 and Global IME Sammunati Fund. The company had set aside 3, 72, 000 unit share to the general public. The microfinance company plans to raise Rs 4 crore through the offer. After the IPO, the paid up will reach Rs 10 crore from the current Rs 6 crore. It’s authorized capital stands at Rs 20 crore.