Adarsh Microfinance will issue IPO from July 20

The IPO offering and sale for Adarsh Microfinance Financial Institution Limited (Adarsha Laghubitta Bittiya Sanstha Ltd IPO) will begin on July 20. Microfinance is planning to issue 67,000 initial public offerings (IPOs) for Rs 6.7 million.

Employees will receive 0.5 percent (1,035 shares) of the total 67,000 shares that will be issued by microfinance, while collective investment funds would receive 5% (3350 shares). The remaining 62,615 shares will be open to the general public to apply for.

Adarsh Microfinance will issue IPO from July 20

Applications for the IPO (Adarsha Laghubitta Bittiya Sanstha Ltd IPO) are due by July 30 and can be submitted as early as June 20. Applicants will be allowed to apply for anything from 10 to 1000 lots.

BOK Capital Market Limited is the IPO issuing and selling manager. C-ASWA Member Banks and Financial Institutions, as well as the MyShare website and app, are accepting applications.

Care Rating Nepal has granted Microfinance’s CARENP Single B Plus Issuer Rating on its IPO-issued credit rating. This indicates that there is a high risk of failing to meet financial obligations on time.

 Currently, the paid-up capital of microfinance is  14 million rupees. After the IPO (Adarsha Laghubitta Bittiya Sanstha Ltd IPO) is allocated, the paid-in capital of microfinance will reach Rs. 27 million.

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Updated: June 6, 2022 — 9:34 AM

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