SEBON approved For IPO




SEBON approved to the IPO issue of Chautari Laghubitta Bittiya Sanstha Limited. ICRA Nepal has assigned Grade 4 rating to the IPO issuance of Chautari Laghubitta indicating below average fundamentals.
Chautari Laghubitta Bittiya Sanstha Limited is issuing its Initial Public Offering (IPO) to general public. The microfinance company is issuing 5.40 lakh unit shares at a par value of Rs 100.
NIBL Ace Capital has been appointed as the issue manager for the purpose of IPO issuance.
Chautari Laghubitta has an authorized capital of Rs 30 crore, whereas, paid up capital is Rs 12.60 crore. After the isuance of IPO, its paid up capital will stand at Rs 18 crore.
The company operating in 10 district, Rupandehi, Nawalparasi, Kapilbastu, Gulmi, Argakhachi, Palpa, Dang, Pyuthan, Rolpa and Salyan with 34 branches and head office located in Butwal.

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