Kathmandu. Swastik Laghubitta Financial Institution has got permission to issue ipo.
The Securities Board of Nepal has given permission to Swastik Microfinance to issue an IPO. Now this microfinance company will issue a public issue of ordinary shares equivalent to 40 percent of the paid-up capital.
Swastik Laghubitta will launch an IPO worth Rs 23.1 million. Accordingly, the company will open 231,000 units of IPO.
At present, 60 percent of the founder shareholders own shares worth Rs 34.65 million in Swastik Microfinance. After the IPO sale, the paid-up capital of the company will reach Rs 57.75 million.
Nabil Investment Banking is the IPO sales manager of Swastik Laghubitta.
