NIBL Ace Capital has been appointed as the IPO issue manager by Gurans Laghubitta Bittiya Sanstha Limited. The micro finance company will be issuing 250,000 unit shares to general public.
Mr. Nagendra Mishra, Acting CEO of Gurans Laghubitta and Mr. Mekh Bahadur Thapa, General Manager of NIBL Ace Capital had signed on the agreement.
Gurans Laghubitta has an authorized capital of Rs 10 crore, paid up capital of Rs 5.25 crore. After the issuance of IPO its paid up capital will stand at Rs 7.75 crore. Gurans Laghubitta Bittiya Sanstha is a microfinance company with its head office located in Dhankuta operating in 10 districts including Dhankutta, Terhathum, Sankhuwasabha, Bhojpur, Okhaldhunga, Taplejung, Pachthar, Illam, Morang and Sunsari with 22 branches. The microfinance has collected more than Rs 7 crore as deposits and floated more than 49 crore as loans.