Mahila Laghubitta IPO Issue date - Laghubitta IPO News
Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) is issuing 4,00,000 units IPO to the general public from today Magh 30, 2077. The early closing date of this issue is on Falgun 5 (1 day extended due to government holiday on Magh 30) and if the issue is not fully subscribed till Falgun 5, then it can be extended up to Falgun 14, 2077. SEBON (Security Board Of Nepal) has already been approved to issue 4 Lakh units share to general public on January 21, 2021 i.e. BS 2077 Magh 10. Mahila Laghubitta Bittiya Sanstha Limited is going to issue 400000 units share to the general public worth Rs. 40000000 from 10 Feb 2021 which is 40% of its capital.
(Updated 25 Feb 2021)
Mahila Laghubitta Bittiya Sanstha Ltd IPO ISSUE Date (Updated)
Mahila Laghubitta Bittiya Sanstha Ltd IPO ISSUE Ratio
General Public:- 375,000 Ordinary shares
Collective Investment founds:- 20,000 Shares
and to
Staffs:- 5,000 shares
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Company Introduction of Mahila Laghubitta Bittiya Sanstha
Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) as a public limited company received operating license from Nepal Rastra Bank as D class financial institution on 2075/06/22 to operate under Bank and Financial Institution Act, 2073. It’s Central Office is located in Sanga-13, Kavre and working area is all district of Nepal. It provides customer friendly microfinance services in rural areas as well as some urban areas of Nepal for the poorest people. The Bittiya Sanstha has commenced its financial transaction from 2075/07/01 B.S. It is providing micro-financial services to the low income & underprivileged peoples through our Branch Offices which are located in different parts of Country. Mahila Lagubitta Bittiya Sanstha Ltd. is an initiative of a group of visionary people working together for women empowerment through various ways. The Program in micro-credit banking before was registered as an NGO in a name “Centre for Women Rights and Development”.
(CWRD) established in 1992/93, is a micro-finance non-governmental organization (MFI/NGO). It has been implementing micro-finance programs since 2001 obtaining license from Nepal Rastra Bank (NRB) – the Central Bank of Nepal. It was initially started with the objective of working for the civil, socio-cultural and other fundamental rights of women.
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The rationale behind the inception of CWRD is that the basic problems of wide scale and deep rooted poverty and resultant socio-economic backwardness cannot be addressed through the efforts of government alone, complementary and supplementary initiation and efforts should come from nongovernmental organizations as well. Towards this, CWRD has been executing development projects and micro-finance programs intended for the benefit of the poor and disadvantaged families especially women, which we aim to intensify further through newer programmes and implementations through Mahila Laghubitta Bittiya Sanstha Ltd. (MLBSL).
Now, after obtaining license from the Nepal Rastra Bank (Central bank of Nepal), all the assets & liabilities of CWRD’s & microfinance program has been transferred to Mahila Laghubitta Bittiya Sanstha Ltd. (MLBSL).
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MLBSL is exploring and initiating women empowerment for both; socio-cultural as well as economic independency of women. With the establishment of MLBSL, its micro-credit program will help women secure and utilize loans for various purposes. Saving habits, health insurance policies will help women learn the ways to be economically independent and secure.
Company Board Members Details
Tara Kunwar
Chairman
Dr.Iman Singh Gurung
Director
Suvash Jamarkattel
Director
(Rep. from Machhapuchchhre Bank)
Indu Kumari Karki
Director
Kopila Pokharel
Director
Vision/Mission/Objectives of Mahila Laghubitta Bittiya Sanstha
* Ensure women representation, financial and social independence, women leadership, in every nook and corner of Nepal. * To lift the poor out of poverty and empower them both socially and economically through inclusive microfinance and other development services. Objectives The primary objective of the Mahila Laghubitta Bittiya Sanstha Ltd. (MLBSL) is to provide the disadvantaged section of the rural poor with easy access to finance, which will help them to uplift their socio-economic status and make the full use of their existing skills and resources. The specific objectives include: -- To educate and create awareness among the masses and institutionalize the concept to women empowerment and independence; -- To promote socio-economic empowerment of the rural poor households especially the women for those households and enhance their access to control over and benefit from the resources to better their lives through participatory development process; -- To raise their productive capacity and income level through mobilization of local resources and skills; -- To provide poor women with micro-finance and other business development services. -- To provide the training services (on saving –credit, Gender, entrepreneurship, PRA, Community management, Leadership, Skill development) as per as the demand from GO’s, NGO’s and private sector. -- To work on the issues of migrant workers family right.Contact Address
Corporate Address: Majhgaun, Chitlang 5, Makwanpur, NepalPhone: 977 057-693941, 016200174
Website: www.mahilasahayatra.com.np
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