Upcoming IPO In Nepal: Manushi Laghubitta Bittiya Sanstha To Issue IPO
Manushi Laghubitta Bittiya Sanstha To Issue IPO
Manushi Laghubitta Bittiya Sanstha is going to issue IPO to the general public. They are going to issue 393750 units of shares to the general public. Manushi Laghubitta has appointed Nepal SBI Merchant Banking as the issue manager for issuing its IPO. They received a rating of B+ from the CARE RATING NEPAL.
Manushi Laghubitta Bittiya Sanstha received SEBON’s approval to issue an IPO.
Upcoming IPO In Nepal: Manushi Laghubitta Bittiya Sanstha To Issue IPO
Facts about Manushi Laghubitta Bittiya Sanstha
Manushi microfinance was commenced in April 2002. Manushi Microfinance is registered under the company act and got the D class bank license from Nepal Rashtriya Bank in Ashoj 25, 2075 B.S. It is located in bhaisepati, Banepa.
The total paid-up value of the Manushi Laghubitta Bittiya Sanstha is Rs. 70,000,000.00 and the total share is 700,000.00 units. In 2020, For the second quarter, the microfinance company posted a net profit of Rs.49.23 lakh. The net interest income was Rs.3.88 Crore and the operating loss of the company was Rs.45.53 lakh.
Manushi Laghubitta Bittiya Sanstha reported the total deposits of Rs.50.99 Crore and the total loans worth Rs.80.67 Crore were lent out by the end of the second quarter. Meanwhile, The non-performing loans stand at 2.86%.
