Two Microfinance to issue IPO; Receive approval from SEBON
June 21, 2019 | Investopaper
Two microfinance companies have received approval from Securities Board of Nepal to issue the IPO. The two microfinance companies are:
Related: How to apply IPO/FPO/Right Share through Mero Share?
1. Adhikhola Laghubitta Bittiya Sanstha Limited
Sebon provided the approval to issue IPO for Adhikhola Laghubitta on Ashad 5, 2076. The company will issue 4 lakh units in the initial public offering. The IPO is worth Rs. 4 crores and is 40 percent of the total issued capital. Adhikhola Laghubitta will have Rs. 10 crores of paid-up capital after the issue of the IPO. NIBL Ace Capital Limited is the issue manager for the IPO of Adhikhola Laghubitta Bittiya Santha Limited.
2. Ghodighoda Laghubitta Bittiya Sanstha Limited
Ghodighoda Laghubitta will issue 132,600 units share in the initial public offering. Sebon provided the approval for IPO on Ashad 6, 2076. Through the issue of the IPO, the company is planning to raise the capital by Rs. 1.33 crores. The capital will increase to Rs. 2.76 crores after the IPO issue. The general public will possess 48 percent share in the company after the IPO. Prabhu Capital Limited is appointed as the issue manager for the IPO issue of Ghodighoda Laghubitta.
