Manakamana Smart Laghubitta Bittiya Sanstha Limited is going to issue 3 lakh 89 thousand (3,89,00) units worth Rs 3,89,00,000 as Initial Public Offering (IPO) to the general public.
Manakamana will be issuing IPO from Ashad 17 to 21, 2078. It is open from 17 Ashad and the early closing date of this IPO issue is on Ashad 21. If the issue is not fully subscribed till Ashad 21, 2078, then this issue can be extended up to Ashad 31, 2078.
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Out of the offered IPO share 3,89,000 units; 0.5 percent of the issued capital i.e. 6,058 units have been set apart for the employees of the company and 5 percent of the total offered shares to the general public i.e. 19,450 units have been set apart for the mutual funds. The remaining 3,63,492 units are for the general public.
Applicants can be apply 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 of this company.
After the giving of 3,89,000 units worth Rs 3.89 crore as IPO share to general public i.e 32.11 percent of complete capital which will together raise its settled up cash-flow to Rs 12.11 crore and the advertiser/public proportion will be 67.89:32.11.
Also read; Manakamana Smart Laghubitta issuing IPO 38.9 lakh units to general public
ICRA Nepal has given the issuer rating of [ICRANP-IR] BB- to Manakamana Smart Laghubitta Bittiya Sanstha Limited (MSLBSL). Issuers with this rating are considered to have a moderate risk of defaulting about timely servicing of financial responsibilities.
Manakamana Smart Laghubitta Bittiya Sanstha Limited (MSLBSL) established in January 2018, as Manakamana Laghubitta Bittiya Sanstha Limited. The company started its operation from February 2018 as a licensed 10-district level class D (microfinance) bank and financial institution.
Later, the company merged with Smart Laghubitta Bittiya Sanstha and started joint operations from July 26, 2020, as a province-level in Province 5 (regional Microfinance Institution MFI) in the name of Manakama Smart Laghubitta Bittiya Sanstha Ltd (MSLBSL).
MSLBSL have 69 peoples as promoters, who 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.
