Manakamana Smart Laghubitta Bittiya Sanstha Limited (MSLBSL) will issue 3,89,000 Units of shares worth Rs 3.89 crore as IPO to the General Public from 1st July to 5th July 2021. If the issue is not fully subscribed till July 5, the deadline for the issue of Manakamana Smart Laghubitta IPO can be extended to 15th July.
Out of the 3,89,000 units; 6,058 units 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.
NMB Capital Limited has been appointed as the issue manager. Applicants can apply for a minimum of 10 units and a maximum of 1000 units.
ICRA Nepal has given a BB- rating to the Manakamana Smart Laghubitta which means moderate risk.
After the issuance of 3,89,000 units of IPO amounting to 3.89 crores, the Paid-up capital of the company will be 12.11 crore.
About Manakamana Smart Laghubitta Bittiya Sanstha Limited
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.