Jeevan Bikas Laghubitta Bittiya Sanstha Limited intends to sell stock in an initial public offering (IPO). The Securities Board of Nepal (SEBON) approved the IPO issuance on Jestha 30, 2078 BS. On Falgun 17, 2077 BS, the corporation presented an application to the board.
Following the public offering, the general public will control 32.50 percent of the corporation. Similarly, the promoters will own 67.50 percent of the company.
About Jeevan Bikas Laghubitta Bittiya Sanstha Limited
Jeevan Bikas Laghubitta Bittiya Sanstha Limited is a Nepal Rastra Bank-licensed ‘D’ class microfinance organization. It is a Nepalese national level microfinance organization launched by Jeevan Bikas Samaj (Non-Governmental Organization). On Falgun 16, 2075 BS, it began its microfinance activity.
Jeevan Bikas Laghubitta has a paid-up capital of Rs 41.06 crores as of Chaitra end 2077 BS. It also has a reserve and excess of Rs 118.39 crores. As loans and advances, the company has issued Rs 20.07 Arba. [From the Unaudited Q3 Report for Fiscal Year 2077/78]