Upcoming IPO In Nepal: Rastra Utthan Laghubitta To Issue 8.50 Lakh Shares In IPO
The good news for the investors as Rastra Utthan Laghubitta is going to issue 8.50 lakh shares in IPO. NIBL Ace Capital is the issue manager for this IPO.
The capital structure of Rastra Utthan Laghubitta Bittiya Sanstha Limited:
| Authorized Capital | Rs. 500 million |
| Issued Capital | Rs. 260 million |
| Paid Up Capital | Rs. 175 million |
Rastra Utthan Lagubitta Bitiiya Sanstha Ltd. (RULBSL) started its service from 2075.11.08 as per the directive of Nepal Rastra Bank (NRB) under Company Act-2063 and BAFIA-2073 and continuing microfinance services. The registered office and headquarter of this National Level Microfinance Bank is located at Sanga, Banepa -13, Kabhre Palanchowk, 20 k.m. east from Kathmandu.
Promoters
| S.N. | Promoters | Number of Shares | Amount NRs. ‘000 | % of Share |
| 1 | NeRuDO | 750000 | 75000000 | 28.85 |
| 2 | Rastriya Banijya Bank | 550000 | 55000000 | 21.15 |
| 3 | Prabhu Bank | 300000 | 30000000 | 11.54 |
| 4 | Individuals Promoters | 150000 | 15000000 | 5.77 |
| 5 | General Public | 850000 | 85000000 | 32.69 |
| Total | 2600000 | 260000000 | 100% | |
Board of Directors
| 1 | Tek Raj Joshi | Chairman | Representative of Rastriya Banijya Bank Ltd. |
| 2 | Pradeep Kumar Timilsina | Director | Representatives of NeRuDO |
| 3 | Chiranjeevi B.C. | Director | Representative of Prabhu Bank Ltd. |
| 4 | Rita Sapkota Paudel | Director | Individual Promoter |
| 5 | Pralhad Man Mali | Director | Independent |
