RSDC Laghubitta to float 4 lakh kitta IPO shares from Bhadra 5; Investors can apply up to 4, 000 units

RSDC Laghubitta Bittiya Sanstha Limited is floating its Initial Public Offering (IPO) of 4, 00,000 unit shares worth Rs 4 crore from  Bhadra 5, 2073. Publishing a notice today, it stated that the IPO applications would be open from Bhadra 5, 2073 and close on Bhadra 8, 2073. The maximum closing date for the offer is Bhadra 19, 2073. Interested investors must apply for a minimum of 50 units of share and they can apply for up to 4,000 units of share. The microfinance company has 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 are 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 has set aside 3, 72, 000 unit share to the general public. NIBL Capital Markets Limited has been appointed as the issue manager for the IPO. 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 stand at Rs 20 crore. After the IPO, the promoter-public ratio of the company will be 60 % to 40%. RSDC Laghubitta earned net profit of Rs 1.50 crore in Q4 of the last fiscal year 2072/73. Monetary Policy published by Nepal Rastra Bank for the FY 2073/74 has made mandatory provision for the wholesaler microfinance to raise their paid up capital up to Rs 60 crore by end of Ashad , 2075. ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below average fundamentals to the proposed initial public offering (IPO) of RSDC Laghubitta. The collection centers are as follows: