According to Nepal SBI Merchant Capital, the sales manager of the IPO distribution of Upakar Laghubitta said that they are currently doing data verification where as tomorrow there will be pre-allotment and public can expect the IPO Result Probably on Thursday.
Upakar Laghubitta Bittiya Sanstha issued 236,250 ordinary shares at a face value of Rs 100 per share to the public, equivalent to Rs 23.62 million. Applications for the company’s IPO was submitted as early as Chaitra 29, 2078 and as late as Baisakh 9, 2078. Nepal SBI Merchant Banking is the issue and sale manager for the IPO of the company.
Upakar Laghubitta Bittiya Sanstha Limited is registered as 'D' class Financial Institution (Microfinance Bank) with a capital of 60 million licensed by Nepal Rastra Bank. It was transferred from the microfinance programe of Mahila Upakar Munch. The paid up capital of this institution is 42.2 Million. It is established on Magh 17, 2075 at Kohalpur, Banke and started it's services on 1st Chaitra 2075 and registered according to company Act on Shrawan 25th 2075 . It operates 15 branches in 2 districts of province no. 5 Nepal namely Banke & Bardiya.
