SEBON approves 150% right issue of NMB Laghubitta; total 24.30 lakh unit shares to be issued at par

NMB Laghubitta Bittiya Sanstha Limited (NMBMF) 150% right shares has been approved by Securities Board of Nepal (SEBON) in the latest list of right shares approved.

The microfinance company will be floating 150% rights i.e. 24,30,093.75 unit shares worth Rs 24.30 crore at par value of Rs.100 per share for the existing shareholders of the company.

Sunrise Capital Limited has been appointed as the issue manager for the issue.

ICRA Nepal has assigned [ICRANP] IPO Grade 4, indicating below average fundamentals to the proposed rights issue of NMB Laghubitta Bittiya Sanstha Limited (NMBMF).

The existing paid up capital of NMB Laghubitta is Rs 16.20 crore and after the adjustment of 150% right shares, paid up capital will rises to Rs 40.5 crore. The company has earned Rs 6.09 crore till the end of FY 2075/76