Nepal Breaking NewsNepal Stock ExchangeRastra Utthan Laghubitta To Float 8,50,000 Shares In Initial Public

Rastra Utthan Laghubitta To Float 8,50,000 Shares In Initial Public Offering

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Rastra Laghubitta Bittiya Sanstha Limited is in the of issuing public shares (IPO). The company has appointed NIBL Ace Capital Limited as the issue and sales manager for this purpose.

The company must now apply to the Securities Board of Nepal (SEBON) for the public issuance. The company only shares to the general public after receiving approval from the regulatory body SEBON.

If SEBON approves, the company intends to issue 8,50,000 shares in a public offering. The IPO is worth Rs 8.50 crores at a par value of Rs 100.

About The Company

is a Nepal Rastra Bank-licensed national level ‘D’ class microfinance company. It began operating as a microfinance institution on Falgun 8, 2075 BS [February 20, 2019]. Sanga, Banepa -13, Kabrepalanchowk is the headquarters.

Nepal Rural Development Organization (NeRuDO), Rastriya Banijya Bank Ltd, and Bank, among , are the main promoters of microfinance. The microfinance institution has a paid-up capital of Rs 17.50 crores and an authorized capital of Rs 50 crores. The capital will increase to Rs 26 crores following the issuance of an IPO worth Rs 8.50 crores.

Following the public offering, the general public will own 32.69 percent of the company. The promoters will own 67.32 percent of the company, with NeRuDO holding 28.15 percent, Rastriya Banijya Bank holding 21.15 percent, Prabhu Bank holding 14 percent, and promoters holding 5.77 percent.

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