Manakamana Smart Laghubitta Bittiya Sanstha Limited issues IPO worth Rs 38.9 million

KATHMANDU: Manakamana Smart Laghubitta Bittiya Sanstha Limited (MSBSL) has opened an IPO issue from today. MSBSL has issued IPO worth Rs 38.9 million, which is 32.11 percent of the issued capital of Rs 121.15 million.

Manakamana Smart Laghubitta has issued 389,000 ordinary shares with a face value of Rs 100 per share. Out of this, MSBSL has allotted 6,058 shares i.e. 0.5 percent of the issued capital for the employees, and 5 percent of the total disposal i.e. 19,450 shares for the collective investment fund. The general public will be able to apply for the remaining 363,492 units.

Interested investors can apply for a minimum of 10 units of share and a maximum of 1,000 units of shares. The eviction will be closed on 2021 July 5 (21st Ashad 2078) at the earliest and on 2021 July 15 (31st Ashad 2078) at the latest.

Manakamana Smart Laghubitt’s IPO is managed by NMB Capital Limited. The public can apply from the Securities and Exchange Board of Nepal (SEBON) and its branch offices. In addition, applications can be submitted through MeroShare software.