Aarambha Microfinance appoints NIC Asia Capital to issue 2.94 lakh units IPO shares

Aarambha Microfinance Bittiya Sanstha Limited has appointed NIC Asia Capital Limited to issue 2.94 lakh units initial public offering (IPO) shares.The agreement was signed today (Shrawan 31, 2074). Mr. Ram Chandra Khanal, Chief Executive Officer of NIC ASIA Capital Ltd and Mr. Binod Acharya Chief Executive Officer of Aarambha Microfinance signed the agreement. The microfinance has been operating from 15 hilly districts providing its micro financing services to derived household. Likewise, NIC ASIA Capital has been providing Depository Participants (DP), Portfolio Management Services (PMS), Registrar to Shares (RTS), and advisory and issue management services to its clients. Recently, NIC ASIA Capital has also introduced Free of Cost Demat account with service fee waived for the first year.