Gurans Laghubitta to issue IPO on April 29

Apr 21, 2019 Merolagani

Gurans Laghubitta Bittiya Sanstha (GLBSL) is set to issue IPO from April 29. The company is issuing 250,000 units of shares worth Rs 25 million.

The company is planning to issue 32.26 percent shares of issued capital to the public. For the issue, the company has appointed NIBL Ace Capital as issue manager.

The interested investors can apply for a minimum of 10 and maximum of 500 units of shares through meroshare software or all C-ASBA approved BFIs.

Headquartered at Dhankuta, Gurans Laghubitta has 22 branch offices and workstation of 10 districts.

Financial Status of Third Quarter

Gurans Laghubitta has earned a net profit of Rs 6.9 million in the third quarter of the current FY. The company has EPS of Rs 17.54.

The company with Rs 52.5 million in paid-up capital has reserve fund of Rs 5.2 million. During the period, the company collected deposit of Rs 90.5 million and borrowed Rs 508.9 million.

In the review period, the company extended loan of Rs 613.6 million and has earned Rs 21.7 million in net interest income. The company has bad debt ratio of 3.49 percent.

 

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