Upcoming IPO In Nepal: Jeevan Bikas Laghubitta To Issue IPO
Jeevan Bikas Laghubitta Sanstha Limited is going to issue 19,77,300 IPO share to the general public. NMB capital is the issue manager for the Jeevan Bikas Laghubitta Sanstha Limited’s IPO.
ICRA Nepal has assigned the issuer rating of [ICRANP-IR] BBB- to Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLBSL).
Upcoming IPO In Nepal: Jeevan Bikas Laghubitta To Issue IPO
Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLBSL), started its operation from February 2019 as a licensed national level class D microfinance institution but jeevan Bikas Laghubitta Sanstha Limited was incorporated in August 2012. The registered and corporate office of JBLBSL is located at Katahari-2, Morang, Nepal.
The company was merged with Solve Laghubitta Bittiya Sanstha Limited and Garibi Nyunikaran Laghubitta Bittiya Sanstha Limited and commenced the joint operation from September 7, 2020.
Major share holders of Jeeven Bikas Laghubitta Sanstha Limited ( JBLBSL):
- 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%)
- Samudayik Mahila Bikas Kendra (SWDEC; ~1%).
JBLBSL reported a net profit of ~NPR 354 million in FY2020.
