The IPO proposal of Swastik Laghubitta Bittiya Sanstha Limited has officially been approved by the Securities Exchange Board of Nepal (SEBON). This approval clears the way for the company to launch its Initial Public Offering (IPO) to the general public in the near future.
Swastik Laghubitta will issue a total of 577,500 equity shares, each with a face value of Rs. 100, amounting to a total issue size of Rs. 5.77 crore. The shares will be made available to the public following the completion of all regulatory formalities and final scheduling.
Nabil Investment Banking Limited has been appointed as the issue manager for this IPO.
In terms of risk assessment, ICRA Nepal has downgraded the issuer rating of Swastik Laghubitta from [ICRANP-IR] B+@ to [ICRANP-IR] B@, while continuing to keep it under ‘Watch with Negative Implications’. The rating indicates a cautious outlook toward the company’s current financial health, although it is not specific to any debt instrument.
Swastik Laghubitta Bittiya Sanstha Limited (SLBSL) is a class-D microfinance institution in Nepal, established in October 2018. The company began operations in Madhesh Province in March 2019 and is headquartered in Lahan, Siraha.
Read More : Complete list of Upcoming IPOs in Nepal 2025