RSDC Laghubitta to issue IPO worth Rs 4 crore; Appoints NIBL capital as issue manager

Butwal based RSDC Laghubitta Bittiya Sanstha Ltd (RSDC) has appointed NIBL Capital Markets Ltd., as issue manager for its upcoming Initial Public offering (IPO).

RSDC plans to issue IPO worth Rs 4 crore (4 lakh units) to the general public. As per regulations, 5% of the IPO will be allocated to the mutual funds and 2% of the IPO will be allocated to the employees of RSDC. Remaining 93% of IPO, 3.72 lakhs units, will be allocated for the general public.

RSDC has authorized capital of Rs 20 crore, Isuused capital of Rs 10 crore and paid up capital of Rs 6 crore. After an IPO of Rs 4 crore, paid up capital of RSDC will reach Rs 10 crore.