Upakar Laghubitta to issue 2,66,250 IPS shares

KATHMANDU: Upakar Laghubitta Bittiya Sanstha Limited will soon issue an IPO to the general public.

The company had submitted an application to SEBON requesting to issue 40.57% of its issued capital in the form of an IPO. The proposal was submitted on Shrawan 13. SEBON has approved the application on Chaitra 07.

The company has a total of 6,56,250 registered shares of which 2,66,250 shares will be issued in the upcoming IPO. Thus, the IPO will raise a total of Rs. 2,66,25,000 in paid-up capital.

Nepal SBI Merchant Banking Limited has been appointed the issue manager for the proposed IPO issue. Note that the date of issue hasn’t been declared yet.

Upakar Laghubitta Bittiya Sanstha Limited has reported a net profit of Rs 18.84 million in the 2nd quarter of the fiscal year 2078/79.