SEBON gives final approval to IPO issue of Janasewi Laghubitta; Company to issue IPO soon

Mon, Apr 22, 2019 7:49 PM on IPO/FPO News, Latest, Stock Market,
SEBON give...

Securities Exchange Board of Nepal (SEBON) has given the final approval to the IPO issue of Janasewi Laghubitta Bittiya Sanstha Limited in the latest list of issues approved published by the board.

The company is issuing Initial Public Offering (IPO) worth Rs 4.63 crore. The company has proposed to issue 4,63,000 units at par value of Rs 100 each, issuing 32.10% of the issued capital.

NMB Capital Limited has been appointed as the issue manager for the IPO issuance.

The microfinance institution currently has issued capital of Rs 14.43 crore and paid up value of Rs 9.8 crore. After the issuance of the IPO shares, the paid up value  will scale up to Rs 14.43 crore.

ICRA Nepal Limited has assigned a [ICRANP] IPO Grade 4 (Pronounced as ICRA NP IPO Grade Four) to the Rs.4.63 crore worth of Initial Public Offer of Janasewi Laghubitta Bittiya Sanstha Limited. Instruments with this grading are considered to have below-average fundamentals.

The central office of the company is located in western region of Nepal, Kusma , Parbat and working area is 10 District: Parbat, Rukum, Kaski, Baglung, Rolpa, Gulmi, Tanahun, Gorkha, Lamjung and Magdi.