RSDC, Suryodaya & National Microfinance got approval from SEBON to float IPO worth Rs 4 cr, Rs 1.20 cr & 3 cr respectively; IPO within Shrawan end

Securities Board of Nepal (SEBON) has given final approval to issue Initial Public Offering (IPO) of RSDC Laghubitta Bittiya Sanstha Limited, Suryodaya Laghubitta Bittiya Sanstha Limited and National microfinance Bittiya Sanstha Limited.  RSDC Laghubitta Bittiya Sanstha Limited has got final approval from SEBON   to float IPO worth Rs 4 crore (4, 00,000 lakh unit shares) on Ashad 12, 2073. The issue manager for the IPO is NIBL Capital Markets Limited. Damodar Joshi, CEO of RSDC Laghubitta said, ‘As we have received approval from SEBON, our target is to float IPO within Shrawan end.” RSDC Laghubitta has earned net profit of Rs 1.05 crore in the third quarter of the current fiscal year 2072/73.It has authorized capital of Rs 20 crore, issued 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. ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below average fundamentals to the proposed initial public offering (IPO) of RSDC Laghubitta. Likewise, Suryodaya Laghubitta Bittiya Sanstha Limited has got final approval from SEBON to issue IPO worth Rs 1.20 crore (1.20 lakh unit shares) to general public on Ashad 14, 2073. Global IME Capital Limited has been assigned as the issue manager for the IPO. Mokshya Pangeni, CEO of Suryodaya Laghubitta said, “We will be floating the IPO within the month of Shrawan. Most probably the offer letter will be published after Shrawan 21.” The head office of the company is located in Putali Bazar of Syangja whereas its working areas are Baglung, Myagdi, Parbat, Syangja, Manang, Lamjung, Mustang, Gulmi, Pyuthan and Rolpa. Suryodaya Laghubitta has earned net profit of Rs 1.14 crore in the third quarter of the current fiscal year 2072/73. The microfinance company has paid up capital of Rs 2.8 crore. Similary, National Microfinance Bittiya Sanstha Limited has got approval from SEBON to issue IPO  worth Rs 3 crore ( 3  lakh unit shares) to general public on Jestha 24, 2073. Ram Bahadur Yadav, CEO of National Microfinance said, “We will be issuing the IPO within  Shrawan 24. The offer letter will be published within third week of Shrawan.” NIBL Capital Market Limited has been assigned as the issue manager for the IPO. National Microfinance has commenced its operation in 2014 as a National Level Microfinance Institution. It is committed to exceed customer expectations in all areas of its Business through consistent processes, innovations and Improvements. National Microfinance had earned net profit of Rs 2.72  crore in the third quarter of the current fiscal year 2072/73.The microfinance has paid up capital of Rs 7 crore. Click Here to view, Synergy Power got approval from SEBON to float 7 lakh units IPO shares for locals of Dolakha District