Securities Exchange Board of Nepal (SEBON) has approved the proposed IPO of Samaj Laghubitta Bittiya Sanstha Limited. The microfinance company is looking to raise a capital worth Rs 86 lakhs through the issue of mere 86,000 units of shares at par value of Rs.100 per share. The total capital after the IPO will be Rs 2 crore and the promoter/public ratio will be 57 : 43.
Samaj Laghubitta Bittiya Sanstha Limited is promoted by retired bankers, chartered accountant, engineer, business man and teachers. It is registered with the office of the company registrar under the companies act 2063. The company has started its micro financing services from 25th of Falgun, 2068 BS from its head office at Malangawa, Sarlahi.
Siddhartha Capital Limited has been appointed as the issue manager of this IPO.