Jeevan Bikas Laghubitta Got Approval to Issue IPO

Jeevan Bikas Laghubitta Bittiya Sanstha

Approval to Issue IPO

Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLBSL) has got permission from the Securities Board of Nepal (SEBON) for the IPO issue. SEBON has given permission to JBLBSL to sell 1,977,300 IPO units worth Rs. 197.73 million to the public on June 13.

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.

JBLBSL had applied to the Board for IPO issuance on 1st March 2021 (17th Falgun 2077). JBLBSL is about to sell a 67.50 percent IPO to the public.

The IPO sales manager is NMB Capital. Currently, the paid-up capital of JBLBSL alone is Rs. 41.67 million.

As of the third quarter of the current Fiscal Year, JBLSBL has earned a net profit of Rs. 563.93 million. During this period, the reserve fund of the company was Rs. 1 billion 183.9 million 10 thousand.

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