SEBON Approves IPO of Sabaiko Laghubitta

Jun 30, 2019 01:53 PM Merolagani

Securities Board of Nepal (SEBON) has approved IPO of Sabaiko Laghubitta. The company is planning to issue 530,000 units of primary shares worth Rs 53 million to the general public.

NIBL Ace Capital has been roped in as issue manager by the company. ICRA Nepal has assigned Grade 4 rating to the IPO indicating below average fundamentals.

Presently, the company has a paid-up capital of Rs 112 million that will reach Rs 165 million after the IPO issuance.

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