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Upakar Laghubitta Bittiya Sanstha Limited to issue 2,66,250 IPO shares IPO to the general public. SEBON has approved the application of Upakar Laghubitta regarding the IPO application. The IPO will raise a total of Rs. 2,66,25,000 in paid-up capital. Nepal SBI Merchant Banking Limited is the issue manager for the proposed IPO issue.
Upakar Laghubitta IPO Updates : IPO Date
Upakar Laghubitta Background
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 program of Mahila Upakar Munch. It is established on Magh 17, 2075 at Kohalpur, Banke, and started its services on 1st Chaitra 2075.
| Ownership (Promoter Shareholder only ) | Percentage of Ownership (%) | Capital Invested |
| Mahila Upakar Munch (NGO) | 67 % | NRP 42 Million |
| Prabhu Bank Ltd. | 14.29% | |
| Individual Promoter Shareholder | 18.71 % | |
| Total | 100 % |
The authorized capital of ULBSL is NRS. 80 Million issued Capital is NRS 60 Million and Paid of Capital is NRS. 42 million.
