Aviyan Laghubitta Bittiya Sanstha Ltd. will issue shares in an IPO (IPO) to raise money for its business.
The company is selling 975,000 shares starting on Shrawan 18, 2079, in its initial public offering.
The total amount of the public offering is Rs 9.75 crores at a par value of Rs 100.
The IPO will close on Shrawan 22, 2079 BS if it is fully subscribed. The application deadline will be extended until Bhadra 1, 2079 BS if it is still undersubscribed. The mutual fund schemes are given 48,750 shares or 5% of the public issue. Likewise, 12,500 shares are set aside for firm employees. Therefore, the remaining 9,13,750 shares are available to the general public.
About Aviyan Laghubitta Bittiya Sanstha
Following the Bank and Financial Institution Act 2073, Aviyan Laghubitta Bittiya Sanstha Limited received its “D” Class Financial Institution operating license from Nepal Rastra Bank on 2076/06/01. The company was established on 2075/12/24 under the Company Act 2063.
The Panauti Municipality Ward No.4 Kavre District is home to the Aviyan Laghubitta Bittiya Sanstha’s headquarters. The principal sponsors of this organization are Kumari Bank Ltd. and Mega Bank Nepal Ltd.
It is a national-level institution with the mission of providing financial services to the poor, low-income rural population, helping to improve their standard of living and, to a certain extent, ending poverty in Nepal.