July 31, 2023 | Investopaper
Swastik Laghubitta Bittiya Sanstha Limited is in the process of issuing shares to the public (IPO). For this purpose, the company has appointed Nabil Investment Banking Limited as the issue and sales manager.
The agreement for public offering was signed between the company and Nabil Investment Banking Limited on this regard. Mr. Dhirendra Lal Karn, CEO of Swastik Laghubitta Bittiya Sanstha Limited and Manish Narayan Joshi, CEO of Nabil Investment Banking inked the agreement.
Now, the company needs to submit the application to the Securities Board Of Nepal (SEBON). If approved by SEBON, the company can issue the shares to the public.
About Swastik Laghubitta Bittiya Sanstha Limited
Swastik Laghubitta Bittiya Sanstha Limited is a province level micro-financial institution licensed by Nepal Rastra Bank.
It began its operation from March 26, 2019. It is currently providing microfinance services in Madhes Province.
As of Ashad’s end 2080 BS, the microfinance has a paid-up capital of Rs. 3.46 crores.