Adarsha Laghubitta Bittiya Sanstha Limited is going to open the IPO issue and sale from 2079 Ashad 1. Adarsha Laghubitta is about to issue 67,000 IPOs worth Rs 6.7 million.
Out of the total 67,000 shares to be issued by Adarsha Laghubitta Bittiya Sanstha Limited, 0.5 percent or 1,035 shares have been reserved for employees and 5 percent or 3,350 shares have been reserved for collective investment funds. The general public will be able to apply for the remaining 62,615 shares.
Applications for the IPO can be submitted as early as 2079 Ashad 6 and as late as 2079 Ashad 15. Investors will be able to apply for a minimum of 10 units to 1000 units.
The IPO issue and sale manager is BOK Capital Market Limited. Interested applicants can apply through C-ASWA Member Banks and Financial Institutions and MyShare website and app.
CARE RATINGS Nepal has given Care NP Single B Plus Issuer rating to Adarsha Laghubitta in its credit rating for the IPO issue. This indicates a high risk of failing to meet financial obligations on time.
At present, the paid-up capital of Adarsha Laghubitta is Rs. 14 million. After the IPO allotment, the paid-up capital of microfinance will reach Rs. 27 million.
