Company Overview
Manakamana Smart Laghubitta Bittiya Sanstha limited (MSBSL) is a “D” class microfinance institutions of Nepal licensed from Nepal Rastra Bank. Company has corporate office is at Siddharthanagar Municipality ward No. 5, Maitripath Bhairahawa, Rupendehi. It is registered under Company Act on 2074/06/25 B.S and licensed by Nepal Rastra Bank on 2074/10/02 B.S. Since 2074/11/06, it started it’s financial operation.
Microfinance company is a national level microfinance which has 36 branches across Nepal. Currently, company is providing financial service to the public through Rupendehi, Nawalparasi, Kapilbastu, Arghakhachi, Palpa, Gulmi, Dang, Banke & Bardiya districts branches.
Fundamental Analysis of Manakamana Smart Laghubitta Bittiya Sanstha limited (MSBSL)
It is incorporated in January 2018 and started operations from July 26, 2020. The company is promoted by 69 individual prompters engaged in different professional. The CEO of the company is Mr. Dev Singh Bista.
Ownership Stricture
The majority of the company is hold by 69 individual promoters i.e 67.89 % and remaining 32.11 hold by general public. The ICRA Nepal has given Double B minus rating which is considered to have a moderate risk of default regarding timely serving of financial obligations.
NMB Capital Limited is the issue manager of the company for the IPO issuance. The company is issuing 3,89,000 units worth 3.89 crore IPO shares to the general public. The paid up capital of the company is Rs. 12.11 crore out of which 32.11% is going to issue to the public.