Company Info:
Incorporated in January 2018, as Manakamana Laghubitta Bittiya Sanstha Limited, the company started its operation in February 2018 as a licensed 10-district level class D microfinance institution. Later, the company merged with Smart Laghubitta Bittiya Sanstha and started joint operations from July 26, 2020, as a province-level (licensed to operate in Province 5) regional MFI in the name of Manakama Smart Laghubitta Bittiya Sanstha Ltd (MSLBSL). MSLBSL is promoted by 69 individual promoters engaged in different professions. Mr. Dev Singh Bista is the Chief Executive Officer of the company. The registered and corporate office of MSLBSL is in Siddharthanagar-5 Rupandehi, Nepal.
About the issue:
Manakama Smart Laghubitta Sanstha Limited is issuing 389,000 units of ordinary shares worth Rs. 3.89 crores to the general public from Ashad 17, 2078. The early closing date of this IPO issue is on Ashad 21, 2078. If the issue is not subscribed till Ashad 21, 2078 then the issue can be extended to Ashad 31, 2078.
Out of offered 389,000 units; 0.5% of issue capital i.e., 6,058 units have been allotted for the employees of the company, and 5% of the total offered to the general public i.e., 19,450 units have been allotted for the mutual funds. The remaining 363,492 units are for the general public.
Applications can be placed for a minimum of 10 units and a maximum of 1,000 units.
NMB Capital Limited has been appointed as the issue manager for the IPO issuance.
After the IPO issue, public holding will be 32.11% and promoters holding will be 67.89%.
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