Swastik Laghubitta Receives Approval from SEBON for IPO Issuance

Swastik Laghubitta Bittiya Sanstha Limited has received permission for IPO issuance. On Ashad 5, the Securities Board of Nepal(SEBON) approved the issuance of 231,000 ordinary shares worth 23.1 million rupees.

The company will issue ordinary shares at the rate of 100 rupees per share. The sales manager for this IPO is Nabil Investment Banking Limited. Of the total shares, 40 percent, i.e., 231,000 shares, will be issued to the general public, while the remaining 60 percent shares will remain in the ownership of the founding group.