Aatmanirbhar Laghubitta’s IPO issue receives final approval from SEBON | The company will launch its IPO shortly for a price of Rs 2.03 billion.
The company will soon issue an IPO worth Rs. 2.03 billion after receiving final approval from SEBON. The company will launch its IPO shortly for a price of Rs 2.03 billion.
Aatmanirbhar Laghubitta Bittiya Sanstha Ltd’s (AATMA) propose initial public offering (IPO) on Poush 17, 2079, was approve by the Securities Exchange Board of Nepal (SEBON).
By issuing 203,380 units of shares to the general public at a par value of Rs. 100 each, the company hopes to raise Rs 2.03 Crores in the capital. After this initial public offering, the promoter/public ratio will be 67.375:32.625. Following the IPO, this company’s total paid-up capital will reach Rs 6.23 crore.
As the issue manager for the IPO issuance, Sunrise Capital has chosen. Aatmanirbhar Laghubitta Bittiya Sanstha Limited has been given a rating by CARE Ratings Nepal Limited (CRNL) of “CARE-NP B+ (Is)” [Single B Plus (Issuer)]. Issuers with this grade are thought to be at significant risk of failing to make timely payments on their debts.
Aatmanirbhar Laghubitta’s IPO issue receives final approval from SEBON
The province-level microfinance institution Aatmanirbhar Laghubitta is of the “D” class. It was established on November 20, 2018, received a license from the Nepal Rastra Bank on February 12, 2019, and started running on April 15, 2019. Initially, the company operate as a financial intermediary, Gramin Mahila Utthan Kendra (Rural Women Development Center-RWDC). Recently, though, the business start out as a separate financial entity.
Its main activity is the provision of joint liability group (JLG) model micro-loans, with each group having a minimum of five members.
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