IPO of another microfinance company on its way; Aadhikhola Laghubitta appoints NIBL Ace as issue manager to float 4 lakh unit shares

Aadhikhola Laghubitta Bittiya Sanstha has appointed NIBL Ace Capital as issue manager for the issuance of its Initial Public Offering (IPO).

The microfinance company is set to issue 4 lakh unit shares for the general public.

CEO of the microfinance company Mr. Dolraj KC and Deputy GM of NIBL Ace Capital Mr. Kabindra dhoj Joshi has signed on the agreement.

The microfinance company has a paid up capital of Rs 6 crore which will reach Rs 10 crore after adjustment of the IPO.

Aadhikhola Laghubitta currently works in 10 districts which includes Syangja, Palpa, Gulmi, Arghakhachi and so on. It has been providing financial services to more than 12,000 individuals through 19 branches.