Dhaulagiri Laghubitta Appoints Issue Manager for IPO of 3 Lakh Shares, How is the Company Doing Financially?

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Dhaulagiri Laghubitta Bittiya Sanstha Limited has appointed Sunrise Capital as issue manager to issue an IPO for 3,00,000 shares.

The microfinance company’s CEO Min Bdr. Bohara signed an agreement with Sunrise Capital’s CEO Bijaya Lal Shrestha on Magh 12 at the issue manager’s office in Kamalpokhari, Kathmandu.

Dhaulagiri Laghubitta is a microfinance institution licensed as a national level “D “class financial institution from Nepal Rastra Bank, the central bank of Nepal. Established on 3rd July 2018 as a Public Limited Company under Company Act 2063 of Nepal and licensed from the Central Bank of Nepal on 19th Feb 2019, its head office is at Balgung Municipality 2 Shreenagar Tole Baglung.

The paid-up capital of the company is Rs. 7 crores. After the IPO issuance, this will scale up to Rs. 10 crores.

Dhaulagiri Laghubitta has Rs. 10.38 crores worth of reserves. As of Ashad’s end, FY 2077/78, the company reported a distributable profit of Rs. 2.60 crores. By Poush, this figure had gone up to Rs. 4.9 crores. At the end of the fiscal year 2077/78, the EPS of the company was slightly over Rs. 50.12. By Poush, this figure has also gone up to Rs. 61.45.

As of Poush 2078, the company serves 34,438 members through 191 employees employed at 46 branches in 20 districts. As of the same date, the company reported Rs. 1.44 Arba worth of loan investment, Rs. 62.14 crores worth of deposit collection, and Rs. 61.80 crores worth of interbank borrowing.

The company aims to provide banking services to the rural population and contribute to the overall poverty reduction program through the increment of production and productivity of rural Nepal.