Sadhana Laghubitta receives promotion from NRB to become national level microfinance; to issue IPO shares of Rs 6.30 crore for general investors

Fri, Nov 29, 2019 11:21 AM on Corporate, Latest,

Sadhana Laghubitta has upgraded into a national level microfinance from the earlier ten district institution after receiving final approval from NRB on Mangsir 11, 2076.

The microfinance’s main office will remain in its present location at Gorkha Nagarpalika-6 Harmatari of Gorkha district even after the upgradation.

The microfinance’s total deposit collection stands at Rs 40 crore, loan disbursement at Rs 1.45 arba, with 47 branches and 38K members.

At present, the paid up capital of Sadhana Laghubitta stands at Rs 14.70 crore. It will soon float IPO of Rs 6.30 crore to general public following which the paid up value will increase to Rs 21 crore, as per the media statement.

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