Kathmandu, Jan. 26
Sunrise
Capital Limited is appointed as the manager of the Initial Public Offering
(IPO) of the Dhaulagiri Laghubitta Bittiya Sanstha Limited.
Dhaulagiri,
a microfinance company situated in Baglung Municipality, has announced the IPO
of 300,000 units of primary shares.
Chief
Executive Officer of the microfinance, Min Bahadur Bohara, and CEO of Sunrise,
Bijaya Lal Shrestha, signed an agreement on Wednesday to execute the offering.
Dhaulagiri
started its business as the national level microfinance institution three years
ago and by mid-January 2022, the company has expanded its services to 46 branch
offices in 20 districts.
It
is offering microfinance services to 34,438 members through 191 staff, said the
company in a statement. The company has mobilised Rs. 1.44 billion in loans and
collected the deposits of Rs. 621.4 million.
Dhaulagiri
Laghubitta has paid up capital of Rs. 70 million and with the execution of IPO,
it will reach Rs. 100 million. It has earned income of Rs. 26 million by the
end of the last fiscal year.
Published in The Rising Nepal daily on 27 January 2022.
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