Sadhana Laghubitta appoints Global IME Capital as the issue manager for its IPO; Capital to reach Rs 21 crore after IPO

Thu, Nov 28, 2019 4:47 PM on Corporate, IPO/FPO News, Latest, Stock Market,

Sadhana Laghubitta has appointed Global IME Capital as the issue manager of its upcoming Initial Public Offering (IPO).

The company is issuing 6.30 lakh units to the general public at the rate of Rs 100 per share. The company will collect Rs 6.30 crore from the IPO issuance.

The agreement was signed on Mangsir 12, 2076 by CEO Paras Mani Dhakal on behalf of Global IME Capital and CEO Ramesh Neupane on behalf of Sadhana Laghubitta.

Sadhana Laghubitta is headquartered at Gorkha District, Gorkha Bajar, Harmatari. It recently acquired Arthik Sambrisshi Laghubitta and has been upgraded to national level microfinance. Currently, its paid up capital is Rs 14.70 crore, and after the IPO it will be Rs 21 crore.