Kavre-based microfinance institution, Aviyan Laghubitta BIttiya Sanstha Limited has been approved to issue Aviyan Laghubitta IPO from 18th Shrawan 2079. The not-so-common under subscription of IPO shall conclude the IPO issuance on 1st Bhadra 2079, else it is 22nd Shrawan 2079.
The company has 9,75,000 units of IPO shares listed in Mero share for the general public to apply for. The shares are worth Rs 9.75 Crore with a base price of Rs 100 per share.
Out of the total 9,75,000 units, the general public will be allowed to bid for 9,13,750 Units of IPO as 60,750 Units have been reserved for employees and mutual funds. While people can apply for up to 3000 units of IPO, the 10-unit rule holds true in this race for IPOs in Nepal.
Muktinath Capital Ltd has been appointed as the Issue and sales manager with an agreement between the CEOs of the companies.
|Name of the company||Aviyan Laghubitta BIttiya Sanstha Limited|
Abhiyan laghubitta IPO
|Total IPOs||9,75,000 Units|
|IPOs reserved for General Public||9,13,750 Units|
|IPOs for Employee and Mutual Fund||60,750 Units|
|Total IPO price||Rs 9,75,00,000|
|IPO status||Available to apply|
|IPO Date||18th Shrawan 2079 to 22nd Shrawan 2079|
|IPO price per unit||Rs. 100|
|IPO application quantity||10-3000 Units|
|Issue Manager||Muktinath Capital Ltd|
|Issued Capital||Rs 25 Crore|
|ICRA Rating Nepal||[ICRANP-IR] BB-|
Aviyan Laghubitta IPO got approved by SEBON on 24th Asadh 2079 and is available to apply via Mero share. The company has a Paid up capital of Rs 15.25 Crore that would surge to Rs 25 Crore after the IPO allotment.
The ratings for the company are in consideration, however, the D class Microfinance institution is licenced by Nepal Rastra Bank since 2076. This national-level microfinance company has Mega Bank and Kumari Bank as major promoters with 61% shares while 39% would be possessed by the general public.
Looking forward to the allotment of Abhiyan laghubitta IPO with my fingers crossed.