IPO Issue Date of Mahila Laghubitta
The Primary Shares of Mahila Laghubitta Bittiya Sanstha Limited will be issued for the general public from 12th February 2021. Previously the date was fixed for 20th February 2021 but this company has published the notice of the IPO issue date change. The reason for the date change is a technical issue of CDS and Clearing Limited. In that notice, this microfinance cleared that the early closing date is 16th Feb and the late closing date of IPO application is 26th Feb. The Company is going to issue 375000 shares to the general public. meanwhile, 20000 shares are allocated to the mutual fund and 5000 IPO shares are allocated to the employees of the company.
Issue Manager of MLBSL IPO: Nepal SBI Merchant Banking
Capital Structure of the Company: The promoter share is 60 percent in this company whereas the public share is 40%. Recently this laghubitta company has NPR .60 million paid-up capital which will be 100 million after the IPO allotment. Mahila Laghubitta Bittiya Sanstha Ltd. (MLBSL) is promoted with the equity participation of Machhapuchchhre Bank Ltd, Centre for Women Rights and Development (NGO), and 18 other individuals Promoters. The authorized capital of MLBSL is NRS. 200 Million, issued Capital is NRS 100 Million and Paid of Capital is NRS. 60 million.Deprived sector provision guided by central bank to bank and financial institutions, member’s saving and equities are the major sources of funding of the bank.
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