IPO Alert::IPO Issue of Manakamana Smart Laghubitta Bittiya Sanstha Limited (MSLBSL)
Manakamana Smart Laghubitta Bittiya Sanstha
Limited (MSLBSL)
About Manakamana Smart Laghubitta Bittiya Sanstha
Manakamana
Smart Laghubitta Bittiya Sanstha Limited (MSLBSL), with Its central Office at
Siddharthanagar Municipality ward No. 5, Maitripath Bhairahawa , Rupandehi, is
a public limited company. It is duely registered under Company Act 2063 at the
Office of Company Registrar, kathmandu on 2074/06/25 B.S and licensed by Nepal
Rastra Bank on 2074/10/02 B.S. to operate financial servies as "D"
class Micro Finance Institution. MSLBSL has started its financial operation
from 2074/11/06., beginning from Bhairahawa Branch Rupandehi.
From 2076/04/11,former Smart Laghubitta
Bittiya Sanstha Ltd,with its head office at Ghorahi Dang, has been merged and
thus,it was named Manakamana Smart Laghubitta Bittiya Sanstha Limited(MSLBSL)
Capital
As of Chaitra end 2077 BS,
Manakamana Smart Laghubitta has a paid-up capital of Rs 8.22 crores. It has
floated Rs 94.97 crores as loans and advances [Based on unaudited Q3 Report, FY
2077/78]. After the issuance of 3,89,000 units worth Rs 3.89 crore IPO shares
the general public i.e 32.11% of total capital which will together raise its
paid-up capital to Rs 12.11 crore and the promoter/public ratio will be
67.89:32.11.
Vision
To be a recognized national level microfinance
institution with commitment for improving the qulaity of life of the deprived people
through inclusive microfinance services that ultimately contribute in poverty
alleviation.
- To
empower rural people for attaining self-sustaining socio-economic
upliftment.
- To make the unit
a pioneer in joint and participatory work as well as effective networking
to build a Microfinance-oriented culture aiming to promote the
Microfinance activities in order to ensure the sustainability of the
effective goals of Microfinance as a mechanism to reduce poverty.
Mission
To economically empower micro-entrepreneurs and low income earners by providing financial services in a sustainable, ethical and profitable manner.
- Inclusive and client friendly micro financing to the deprived people who don't have access to financial institutions.
- Deliver Financial literacy and aware the deprived people about self employment and skill development
- Enhance women's access to fundamental services and rights.
EQUITY
Formation of Groups and centres, make members aware of their socio economic condition and provide credit services on the basis of group and centre guarantee.
- Increase income generating activities by identifying several resources and their optimum utilization in a managed way.
- Coordinate with different line agencies that are responsible for the poors' education, health, environment and socio -economic progress.
- Reach to 62000 clients through 55 branches within 5 years.
- Achieve operational self – sufficiency by FY 2075/76.
Jeevan Bikash Laghubitta IPO Issue
SERVICES
Credit
Saving
Insurance and
Remittance
IPO Issue of Manakamana Smart Laghubitta Bittiya Sanstha Limited (MSLBSL)
Manakamana Smart Laghubitta Bittiya Sanstha Limited will be issuing 3,89,000 units worth Rs 3.89 crore as Initial Public Offering to the general public from 2078 Ashad 17 to 21. Of which, 6,058 shares have been allotted to the employees of the company and 19,450 shares to the collective investment fund. The general public will be able to apply for the remaining 363,492 Units shares. While applying, application can be made for minimum 10 units and maximum 1000 units.IPO Issue Manager of Manakamana Smart Laghubitta
The sales manager of the company is NMB Capital. Applications for the company's IPO can be submitted till July 7. Securities Board Of Nepal (SEBON) has given permission to the company to issue an IPO on Sunday. The company has applied to the Securities Board Of Nepal (SEBON) on March 29 seeking permission to issue shares.ICRA Nepal Rating of Manakamana Smart Laghubitta Bittiya Sanstha Limited
ICRA Nepal has assigned the issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP Issuer Rating Double B minus) to Manakamana Smart Laghubitta Bittiya Sanstha Limited (MSLBSL). Issuers with this rating are considered to have a moderate risk of default regarding timely servicing of financial obligations.Contact
Maitripath-5,Siddharthanagar,Rupandehi
Phone: 977-071-527316
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