Asha Laghubitta 3 lakh units IPO shares for general public in SEBON pipeline

Asha Laghubitta Bittiya Sanstha Limited has been added in Securities Board of Nepal (SEBON) pipeline to seek approval for the issuance of Initial Public Offering (IPO) shares for general public. The microfinance company is seeking approval to issue 3,00,000 units shares worth Rs 3 crore to be floated to the general public (including its staffs). Prabhu Capital Limited has been assigned as the issue manager. Asha Laghubitta Bittiya Sanstha Ltd established in Nuwakot District under the Bank and Financial Institution act, 2063 as national level Microfinance Institution. The core capital and issued capital of Asha is 10 crore which is divided into 10 lakh equity shares of Rs. 100 each. Out of which 70% is subscribed by promoters and remaining 30% will be issued to general public.