Sebon approves 4.80 lakh unit IPO of NADEP Laghubitta

Securuities Board of Nepal (SEBON) has approved 4.80 lakh units IPO of NADEP Laghubitta. 

The company can now issue 4.8 lakh unit shares to general public at a face value of Rs 100. The issued amount will be 30% of company's capital. The company currently has a paid up capital of Rs 11.20 crores, which will hike to Rs 16 crores after the public issue. 

The company has already appointed Nabil Investment as the issue manager for the issue.