Manakamana Smart Laghubitta Bittiya Sanstha (MSLBS) will be allotting 3,89,000 Units of IPOs on the 28th of Ashar, 2078 B.S.
According to the NMB Capital (Issue Manager), the IPO of the company was oversubscribed by 73.10 times. 2,65,74,050 units of Shares were applied for by 20,36,245 applicants.
Of the 3,89,000 units, 6,058 have been set aside for the company’s employees. Likewise, 19450 units will be given to the mutual funds while the remaining 3,63,492 units will be distributed to the general public.
ICRA assigned the company a rating of BB-. Issuers with this rating are considered to have a moderate risk of default for timely servicing of financial obligations.
MSLBS issued 3,89,000 units of IPO shares on the 17th of Ashar and closed the issue on the 23rd of Ashar, 2078 B.S. The IPO had a face value of Rs 100.
How Can we Check IPO Result of Manakamana Smart Laghubitta Bittiya?
You can Check the IPO Result of Manakama Smart Laghubitta easily through the company website.
About Manakamana Smart Laghubitta Sanstha
Manakamana Smart Laghubitta Bittiya Sanstha Limited was established to provide loans, help the poor, and encourage savings.
The company is registered with the company register under the company act 2063. The company was founded on 2074/06/25.
On 2074/10/02, it received a Microfinance Institution license from Nepal Rastra Bank to start carrying out financial services.
On July 26, 2020, Manakamana Laghubitta and Smart Laghubitta (Dang, Ghorahi) merged to form MSLBSL. The organization’s central office is located at Siddharthanagar municipality ward no 5, Bhairawaha, Rupandehi.
From the Bhairawa branch, Rupandehi, the financial operation was started on 2074/11/06. The founder and CEO of the company is Mr. Dev Singh Bista. This microfinance has opened branches in ten districts of Nepal.