Sparsha Laghubitta to float 2.69 lakh unit shares of IPO soon; SEBON provides final approval

Sparsha Laghubitta Bittiya Sanstha Limited has received final approval from Securities Board of Nepal (SEBON) to issue 2,69,630 unit shares as its Initial Public Offering (IPO) at Rs 100 per share.

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

Previously the company was set to issue 2.40 lakh unit shares as IPO but has restructured the shares after direction from SEBON.

The paid-up capital will reach Rs 8.29 crore after the issuance of the public shares. After the IPO issue; public holding will be 32.5% and promoters holding will be 62.5%.

Since the size of IPO is less than Rs 3 crore; credit rating for this IPO issue is not required.

The microfinance company currently operates in 10 districts through its 15 branches.

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