SEBON adds 5.40 lakh unit shares of Chautari Laghubitta in IPO pipeline for approval; Paid-up capital to reach Rs 18 crore
Sun, Jun 24, 2018 9:12 AM on IPO/FPO News, Latest, Stock Market,
The Initial Public Offering (IPO) of Chautari Laghubitta Bittiya Sanstha has been added in the SEBON pipeline for approval.
The microfinance company will be issuing 5.40 lakh unit shares as IPO for the general public at par value of Rs 100.
NIBL Ace Capital has been appointed as the issue manager for the purpose of IPO issuance.
Chautari Laghubitta has an authorized capital of Rs 30 crore, whereas, paid up capital is Rs 12.60 crore. After the isuance of IPO, its paid up capital will stand at Rs 18 crore.
Chautari Laghubitta Bittiya Sanstha is a microfinance company with its head office located in Butwal operating in 10 districts including Rupandehi, Nawalparasi, Kapilbastu, Gulmi, Argakhachi, Palpa, Dang, Pyuthan, Rolpa and Salyan with 34 branches. The microfinance has collected more than Rs 17 crore as deposits and floated more than 61.50 crore as loans to about 22 thousand women. It was able to earn profit of Rs 65 lakh in the third quarter of the current fiscal year 2074/75.
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