IPO of Nepal Seva Laghubitta approved by Sebon today !!!

Securities Board of Nepal (SEBON) has approved 1.80 lakh units public issue of Nepal Seva Laghubitta. The company has received the approval today. 

NMB Capital has already been appointed as the issue manager for the issue. 

Nepal Seva Laghubitta currently has a paid up capitl of Rs 4.20 crores. The capital will rise to Rs 6 crores after the public issue. The microfinance had earned a meager net profit of Rs 13.99 thousand as of 2nd quater of this fy. It has a reserve of Rs 11.08 lakhs. The promoter public ratio will stand at 70:30 after the public issue.