SEBON approves 100% right shares of Civil Laghubitta; 11.41 lakh units being issued by the microfinance

Securities Board of Nepal (SEBON) has approved 100% right issue of Civil Laghubitta Bittiya Sanstha (CLBSL).

CLBSL is issuing 11.41 lakh units right shares at the ratio of 1:1. The company will raise Rs 11 crore 41 lakh 14 thousand from the issue. Post right share and FY 2075/76 proposed 5% bonus share, the paid up capital will be Rs 23.40 crore. 

Century Capital Markets Limited is the issue manager of the right issuance.

CARE Ratings Nepal Ltd. (CRNL) has assigned grading of “CARE-NP IPO Grade 4” to the proposed Right Share Issue of Civil Laghubitta Bittiya Sanstha Ltd. (CLBSL). “CARE-NP IPO Grade 4” indicates Below Average Fundamentals.