KATHMANDU: Mahila Laghubitta Bittiya Santha Ltd. (MLBSL) is issuing initial public offerings (IPO) on February 10.
The MLBSL, which received permission from Securities Board of Nepal (SEBON) on Jan 23, will issue 400,000 units of shares worth Rs 40 million for Rs 100 per unit of shares, according to Nepal SBI Merchant Banking Ltd., the issue manager.
According to the company, 0.50 percent of shares (5,000 units of shares) has been allocated for company staffers, five percent of shares (20,000 units of shares) for Collective Investment Fund (CIF) while the remaining 375,000 units of shares have been allocated for the people in general.
Willing applicants can apply for the IPO by February 14. The deadline of the application will be extended until February 24 if the company does not receive enough applications.
The MLBSL has been rated as ICRANP-IR BB by ICRA Nepal, the first Credit Rating Agency in Nepal, for the issuance of this IPO.
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