IPO of Asha Laghubitta set an open range from Rs. 100.05 - Rs. 300.15 for its first transaction; Symbol ALBSL assigned to the stock

NEPSE has set an open range for its first transaction of IPO shares of Asha Laghubitta Bittiya Sanstha Ltd.

The stock symbol of Asha Laghubitta Bittiya Sanstha Ltd. Is ALBSL. And the open range is set with range from Rs. 100.05 -  Rs. 300.15. However, there are buyer of more than 4000 units at Rs 306 per unit and none seller in the secondary market of this scrip. 

The microfinance company had floated 6,74,000 unit shares as its Initial Public Offering (IPO) from Magh 18 to Magh 22, 2075. Total, 10,370 units were reserved for the employees of the company, 33,700 units for mutual funds and remaining 629,930 units for the general public.

At present, the ordinary shareholders of the company holds 32.50% of the total issued capital while the promoters will hold the remaining 67.50%. The paid-up capital has increased from existing Rs 14 crore to Rs 20.74 crores of the company.