IPO Alert! Asha Laghubitta to issue 6.74 lakh unit shares as IPO from Magh 18; Application can be placed for maximum 3,370 units

Asha Laghubitta Bittiya Sanstha Limited is set to issue 6,74,000 unit shares as its Initial Public Offering (IPO) from Magh 18, 2075. Applications can be placed till Magh 22, 2075.

The microfinance company is issuing 10,370 unit for the employees of the company, 33,700 units for mutual funds and remaining 6,29,930 units for the general public.

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

Application can be placed from the financial institutions providing C-ASBA facility or through Meroshare.

Applications can be placed for minimum 10 units and maximum 3,370 units.

Care Ratings 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.