Asha Laghubitta to float 6.74 lakh unit shares as IPO soon; SEBON provides final approval

Asha Laghubitta Bittiya Sanstha Limited has received final approval from Securities Board of Nepal (SEBON) to issue 6,74,000 unit shares as its Initial Public Offering (IPO).

Prabhu Capital Limited has been appointed as the issue manager for the IPO issuance.

ICRA Nepal has assigned “Grade 4” rating to the IPO issuance indicating below average fundamentals.

After the issuance of IPO, the ordinary shareholders of the company will hold 32.50% of the total issued capital while the promoters will hold the remaining 67.50%.

Asha Laghubitta is a national level microfinance company with its headquarter in Nuwakot district.