Suryodaya Laghubitta share trading commences from today; trading range starts from Rs 162 to Rs 486

Suryodaya Laghubitta Bittiya Sanstha Limited and Nepal Stock Exchange Limited (NEPSE) had signed agreement to list 4 lakh units shares of Suryodaya Laghubitta Bittiya Sanstha Limited on Poush 7, 2073. As per the notice published on NEPSE, the open range has been set from Rs 162 to Rs 486 for the first transaction. The stock symbol for Suryodaya Laghubitta Bittiya Sanstha Limited has been set as SLBS. The microfinance company had floated Initial Public Offering (IPO) of 1, 20,000 unit shares worth Rs 1.20 crore from Bhadra 12, 2073 till Bhadra 15, 2073. Global IME Capital Limited was appointed as the issue manager for the IPO. The microfinance company has raised Rs 1.20 crore through the offer. After the IPO, its paid up reached to Rs 4 crore from Rs 2.80 crore. Its authorized capital stands at Rs 8 crore.