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Upcoming IPO - Jeevan Bikas Laghubitta Bittiya Sanstha Limited

Upcoming IPO News

 Jeevan Bikas Laghubitta Bittiya Sanstha Limited

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The Securities Board of Nepal has given approval for the IPO issue of Jeevan Bikas Laghubitta Bittiya Sanstha Limited. The board gave its approval on Jestha 30.

The public issue will be for 19,77,300 units, which is 32.5% of the company, given that the company has 60,84,000 total registered shares. NMB Capital has been appointed the issue manager for the issue.

The microfinance company has posted a net profit of Rs 563.93 million in the 3rd quarter company analysis of the fiscal year 2077/78.

Jeevan Bikas Laghubitta Bittiya Sanstha Limited is issuing 19,77,300 unit IPO shares. The company has submitted application to Securities Board of Nepal (SEBON) on Falgun 17, 2077 BS for the Inital Public Offering (IPO). The par value of each share is Rs 100. Hence, the total public issue amounts to Rs 19.77 crores. Jeevan Bikas Laghubitta  has appointed NMB Capital Limited as the issue manager for the IPO.

Jeevan Bikas Laghubitta Bittiya Sanstha Limited is a ‘D’ class microfinance institution licensed by Nepal Rastra Bank. It is a national level microfinance company of Nepal, promoted by Jeevan Bikas Samaj (Non-Governmental Organization). It started its microfinance operation on Falgun 16, 2075 BS.

The company has successfully completed merger with Garibi Nyunikaran Laghubitta, Rajbiraj & Solve Laghubitta, Dhankuta and started joint operation from Bhadra 22, 2077 BS.

As of Poush end, 2077 BS, Jeevan Bikas Laghubitta has a paid-up capital of Rs 41 crores. Until this period, the company has floated total loans and advances of Rs 18.17 Arba.

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