Jeevan Bikas Laghubitta Bittiya Sanstha Limited (jblbsl) going to issue 19,77,300 units worth NRs 19,77,30,000/- as Initial Public Offering (IPO) to the general public. IPO is issue Rs 100 per unit share. It will be issued from Ashad 11 t0 Ashad 15, 2078.
The early closing date of this issue is by Ashad 15, 2078. But, if the issue is not fully subscribed till Ashad 15, then the date can be extended to Ashad 25, 2078.
Also read; Union Life Insurance Company offering 64,50,000 units IPO to the general public from Ashad 24, 2078
Out of the offered units (19,77,300 units); 0.5% (30,420 units) of the issued capital have been allocated for the company’s employees and 5% (98,865 units) of the total offered shares to the general public, have been allocated for the mutual funds.
The remaining shares 18,48,015 units of total issued capital se aside for the general public.
As per Company’s notice, NMB Capital Ltd has been appointed as the issue manager for the Initial Public Offers (IOP) issuance.
The general publics can be applied for a minimum of 10 units and a maximum of 1,000 units.
ICRA Limited Nepal has assigned the issuer rating of [ICRANP-IR] BBB- to Jeevan Bikas Laghubitta Bittiya Sanstha Limited, indicating a moderate degree of safety, regarding timely servicing of financial obligations with moderate credit risk.
Also read; Manakamana Smart Laghubitta issuing IPO 38.9 lakh units to general public
After the issuance of 19,77,300 units worth Rs 19,77,30,000/- IPO shares to the general public 32.50% of total capital which will together raise its paid-up capital to Rs 60,84,00,000/ and the promoter/public share ratio of the company will be 67.50:32.50.
Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLBSL) has been formally registered in Office of Company Registrar in August 2012. It is started its operation from February 2019. It has owned the license of national level class D microfinance institution taking over the microfinance business. Formally, it has operated its business by Jeevan Bikas Samaj (JBS), as an NGO, which established in September 1997 and operating as a financial work from June 2002.
Most importantly, this microfinance company has posted a net profit of Rs 563.93 million in the 3rd quarter of the fiscal year 2077/78.
This company have been merged with Solve Laghubitta Bittiya Sanstha Limited and Garibi Nyunikaran Laghubitta Bittiya Sanstha Limited. They jointly started operation from September 7, 2020, in the name Jeevan Bikas Laghubitta Bittiya Sanstha Limited.
The registered and corporate office of Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLBSL) is at Katahari-2, Morang, Nepal.
As of mid-January 2021, the major shareholders of Jeevan Bikas Laghubitta Bittiya Sanstha Limited include Jeevan Bikas Samaj (JBS) NGO (30%), Prabhu Capital Limited (13%), SR Hydro and Investment Private Limited (9%), Social Organization for Liberal Volunteers Engagement of Nepal (SOLVE; 7%), NIC Asia Bank (3%), and Samudayik Mahila Bikas Kendra (SWDEC; (1%).
