Nesdo Sambridha Laghubitta Issuing 8,28,750 Shares From Today
NESDO Sambridha Laghubitta Bittiya Sanstha Limited is going to issue 8.28 lakh ordinary shares to the general public, employees, and different mutual funds from today. For the IPO issue, NESDO Sambridha Laghubitta Bittiya Sanstha has appointed Global IME Capital as issue manager. NESDO Sambridha Laghubitta Bittiya Sanstha Limited IPO will close on 15th Falgun, 2078.
Out of 8,28,750 shares, 12,750 units have been allocated for employees while 41,437 units have been allocated for mutual funds, and the remaining rest 7,74,563 shares are for the individual public. ICRA Nepal has assigned the issuer rating of [ICRANP-IR] BB+ indicating the issue has a moderate risk of default.
NESDO Nepal, Prabhu Bank, and 81 individuals from various sectors are the promoters of NSLBSL. NSLBSL started its operation on 5th March 2019. At present, NSLBSL serves 78,000 families residing in the remote area of Nepal through its 56 branch offices located in 17 districts. NESDO Sambridha Laghubitta Bittiya Sanstha Ltd is promoted by National Educational & Social Development Organization, NESDO Nepal. It was incorporated under Company Act-2063 as a Public Limited Company to be operated as a “D” Class National Level Microfinance. The microfinance has an authorized capital of Rs.50 Crore and its issued and paid-up capital is Rs.17,21,25,000.
The minimum bid quantity is 10 units while the maximum is 1,000 units.
