Chautari Laghubitta Seeks SEBON Approval for IPO

Jun 24, 2018 Merolagani

Chautari Laghubitta (CHAUTARI) has sought SEBON approval to issue 540,000 units of IPO. The company submitted  IPO proposal to SEBON on June 21.

The company has appointed NIBL Ace Capital as its issue manager. Presently, Chautari Laghubitta has a paid-up capital of Rs 126 million that will reach Rs 180 million after the IPO.

In the third quarter of the current FY, the company collected Rs 176.4 million in deposit and extended loans of Rs 615 million. It earned a net profit of Rs 6.5 million during the period.

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