Rastra Utthan Laghubitta Bitiya Sanstha Limited is a ‘D’ class financial institution licensed by Nepal Rastra Bank. This microfinance was approved by the Securities Board of Nepal (SEBON) for the issuance of an initial public offering (IPO) on January 24th, 2022. The current paid-up capital of the company is Rs. 175 million, which will reach Rs. 260 million after public issue.
Rastra Utthan Laghubitta IPO Details
- Total IPO: 850,000 Units
- Date: Falgun 4 – Falgun 8
- Sector: Microfinance
- Issue Manager: NIBL Ace Capital
- Price: Rs. 100 per share
- Public Promotor Ratio: 32.69% : 67.31%
- Rating: [ICRANP-IR] BB
Financial Highlights
About Rastra Utthan Laghubitta
Rastra Utthan Lagubitta Bitiiya Sanstha Ltd. (RULBSL) was established as per the directive of Nepal Rastra Bank under the Company Act – 2063 and Bank and Financial Institutions Act (BAFIA) 2073. The registered office of the company is in Banepa -13, Kabhre Palanchowk. As of today, there are 94 branches all across the nation.
Capital Structure
The capital structure of the company is as follows:
| Authorized Capital | Rs. 500 million |
| Issued Capital | Rs. 260 million |
| Paid Up Capital | Rs. 175 million |
After public issue, the paid-up capital will reach Rs. 260 million.
Promoters
There are mainly three institutions namely NeRuDO, Rastriya Banijya Bank, and Prabhu Bank, and 36 individuals are promoters of the RULBSL.
Share Composition
| S.N. | Promoters | Number of Shares | Amount ‘000’ in Nrs | % of Share |
| 1 | NeRuDO | 750000 | 75000000 | 28.85 |
| 2 | Rastriya Banijya Bank | 550000 | 55000000 | 21.15 |
| 3 | Prabhu Bank | 300000 | 30000000 | 11.54 |
| 4 | Individuals Promoters | 150000 | 15000000 | 5.77 |
| 5 | General Public | 850000 | 85000000 | 32.69 |
| Total | 2600000 | 260000000 | 100% | |
Useful Articles
- Emerging Nepal to Issue IPO from Magh 26
- 7 Mistakes To Avoid While Applying For IPO
- CASBA Charge of Nepali Banks
- Everything You Need to Know About Collateral