Shrijanshil Laghubitta Gets Approval From SEBON To Issue IPO

Shrijanshil Laghubitta Bittiya Sanstha Limited (SHLBSL) has been granted permission to launch an initial public offering (IPO). The Securities Exchange Board of Nepal (SEBON) granted the company authorization to issue IPO on Shrawan 18, 2079.

With the board's approval, the company will now offer 3,93,750 unit shares of Rs 100 par value each of total worth Rs. 3,93,75,000 to the general public. Similarly, Sunrise Capital Limited is stated to be the share issue's sales manager.

The promoter holding in the company is 64% i.e. Rs 7 crores. Upon the allotment of the IPO to the general public the total paid up capital of the company will be Rs 10.93 crores.

Shrijanshil Laghubitta Bittiya Sanstha(SLBSL) is national level 'D' class Financial institutions incorporated in 2075 BS. Register on Company Registrar Office of Government of Nepal on 2075 BS under Company Act 2063 with registration number 20133/075/076 and received ‘D’ class institution license from Nepal Rastra Bank (Central Bank of Nepal) in 2075 BS with License number 91/075/076.