Abhiyaan Laghubitta's IPO coming on Sharwan 18

Jul Mon 2022 02:01:10

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Abhiyaan Laghubitta's IPO coming on Sharwan 18

Abhiyaan Laguvitta Financial Institution Limited is going to issue IPO from 18th of July. The company paid Rs. 100 face value of Rs. 975,000 shares worth 975 million are going to be sold in IPO. Of the total shares to be sold to the general public, 0.5 percent i.e. 12 thousand 500 shares have been reserved for employees and 5 percent i.e. 48 thousand 750 shares have been reserved for collective investment funds. Apart from these, the remaining 9 lakh 13 thousand 750 shares are about to be publicly issued.

This IPO will be on sale until the 22nd of July at the earliest, if there are no applications as per the demand by that period, then the sale will be opened on the 1st of August at the latest. However, looking at the statistics of the applications received when the IPO was issued to the public recently, it seems that even the company's IPO will remain on sale for a short period of time. Investors can apply for this IPO purchase from a minimum of 10 shares to a maximum of 3,000 shares.

Muktinath Capital Limited is the IPO issue and sale manager. Along with the sales manager, C-ASBA member banks and financial institutions and all their branch offices can also apply through the Meroshare website and app. In the credit rating given for the IPO issue, Ikra Nepal has given the company a double B minus rating, indicating that there is an average risk in terms of being able to meet its financial obligations on time.