Jeevan Bikas Laghubitta Bittiya Sanstha Ltd is issuing 1,977,300 units of shares as initial public offering (IPO) from today.

The IPO will remain open till June 29.

The company is offering Rs 197 million, 32.50 per cent of the total issued capital, as IPO.

Of the total offering, 0.5 per cent amounting to 30,420 units have been set aside for employees of the company while five per cent amounting to 98,865 units have been set aside for mutual funds.

The remaining 1,848,015 units of shares have been offered to the general public.

NMB Capital Limited has been appointed as issuance manager for the IPO.

ICRA Nepal has assigned the issuer rating of [ICRANP-IR] BBB- (pronounced ICRA NP Issuer Rating Triple B minus) to Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLBSL), indicating a moderate degree of safety, regarding timely servicing of financial obligations with moderate credit risk.

According to ICRA Nepal, the signs + (plus) or – (minus) appended to the rating symbol indicate their relative positions within the rating categories concerned.

Read the full prospectus of the company here.