KATHMANDU: Manushi Laghubitta Bittiya Santha Limited is issuing initial public offerings (IPO) on August 11.

Releasing a press note, the company said it is making preparations to issue 393,750 IPOs worth Rs 39,375,000.

Of the total primary shares issued, 5,469 units of shares (0.5%) have been allocated for staffers of the company while 19,688 (5%) have been set aside for the collective investment fund.

People in general can apply for the remaining 368,593 units of shares from August 11 and latest by August 15. The company is issuing 36 percent primary shares of the total issued capital.

People can apply a minimum 10 units to maximum 1,000 units of shares.

Nepal SBI Merchant Banking Limited is the issue manager.

Care Ratings Nepal Ltd. has assigned CARE-NP B+ to this company.

The company has Rs 70,000,000 million in paid-up capital. With the primary shares, the paid-up capital of the company will reach Rs 109,375,000.