Mahila Laghubitta Bittiya Sanstha Limited is closing the issue of 4,00,000 units worth Rs 4 crore as Initial Public Offering to the general public from today i.e Falgun 5 after banking hour. This IPO issue was opened on Magh 30.
Out of the offered 4,00,000 units; 0.5% of the total issue capital i.e. 5,000 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 20,000 units have been set aside for the mutual funds. The remaining 3,75,000 units are for the general public.
Read also | Total 14,44,588 applicant applied for IPO of Mahila Laghubitta Bittiya Sanstha Limited till now
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Nepal SBI Merchant Banking Limited has been appointed as the issue manager for the Mahila Laghubitta Bittiya Sanstha Limited IPO issuance.
Applications can be placed for a minimum of 10 units and a maximum of 1,000 units.
After the issuance of 4,00,000 units worth Rs 4 crore IPO shares the general public i.e 40% of total capital which will together raise its paid-up capital to Rs 10 crore and the promoter/public ratio will be 60:40.
Meanwhile, the company has reported a rise in net profit by 159.46% in the second quarter of the fiscal year 2077/78. It has published an unaudited financial report for the second quarter. It has stated that net profit has increased to Rs. 5.43 crore in the second quarter of the fiscal year 2077/78 from Rs 2.09 crore reported in the corresponding quarter of the previous fiscal year 2076/77.