Aviyan Laghubitta to Issue 9,75,000 Unit IPO Shares to General Public From Shrawan 18

Aviyan Laghubitta Bittiya Sanstha Limited (AVI) will be issuing 9,75,000 units of Rs 100 face value of total worth Rs. 9.75 crore as Initial Public Offering to the general public from Shrawan 18, 2079. The early closing date of this issue is on 22nd Shrawan and if the issue is not fully subscribed then it can be extended up to Bhadra 01, 2079.

Out of the offered 9,75,000 units; 0.5% of the total capital i.e. 12,500 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 48,750 units have been set aside for the mutual funds. The remaining 9,13,750 units are for the general public. This is the 39% shares of the issued capital. The total capital after the IPO will be Rs 25 crore of the company. 

Applications can be placed for a minimum of 10 units and a maximum of 3000 units. Muktinath Capital Limited has been appointed as the issue manager for the IPO issuance.

ICRA Nepal has assigned the issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP Issuer Rating Double B minus) to Aviyan Laghubitta Bittiya Sanstha Limited (ALBSL). Issuers with this rating are considered to have a moderate risk of default regarding timely servicing of financial obligations.

Incorporated in April 2019, the company started its operation in November 2019 as a licenced national level class D microfinance institution. ALBSL is promoted by two commercial banks (Mega Bank and Kumari Bank Limited with holdings of ~16.4% each) and 246 individual promoters. Mr. Laxmishwor Devkota is the Chief Executive Officer of the company. The registered and corporate office of ALBSL is in Panauti-5 Kavre, Nepal.

Offer Letter