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Education, Jobs and Investment: IPO Result

Adarsha Laghubitta Bittiya Sanstha Limited (Ltd) IPO- How to apply from Mero Share


Adarsha Laghubitta Bittiya Sanstha Limited(Ltd) has issued 67,000.00 units of IPO shares to the general public from Ashad 1 -5, 2079. You can apply from Mero Share now.

Adarsha Laghubitta Bittiya Sanstha Limited (ADARSHA) has issued an offer letter its Initial Public Offering (IPO) to the general public today.

The Adarsha Laghubitta Bittiya Sanstha Limited(Ltd) IPO closing date is on 5th Ashadh, 2079. If the IPO is not subscribed by the early closing date, the issue will be extended up to Ashadh 16, 2079. At a par value of Rs. 100 per share, 67,000 unit shares worth Rs. 67 lakhs will be issued. This accounts for 32.37 percent of the company’s total issued capital. Ordinary shareholders will receive 0.5 percent of the total issuance, or 1,035 unit shares, while mutual funds will receive 5%, or 3,350 unit shares. The remaining 62,615 unit shares will be distributed to the general public. Following the IPO, the company’s paid-up capital will be Rs. 2.07 crore.

Adarsha Laghubitta Bittiya Sanstha Limited (Ltd) IPO
Adarsha Laghubitta Bittiya Sanstha Limited (Ltd) IPO

The issue manager for the IPO issuance has been named as BOK Capital Market. Interested investors can apply for as few as 10 shares and as much as 1000 shares.

Adarsha Laghubitta Bittiya Sanstha Limited has been given the CARE-NP B+ (Is) grade by CARE Ratings Nepal Limited (CRNL) (ALBS). Issuers with this grade are thought to be at a high risk of default when it comes to meeting their financial obligations on time.

ALBS is a “D” class Province Level microfinance institution with approval to operate in only Bagmati Province through 13 districts. It was founded on May 23, 2018, and operations began in January 2019. It is primarily engaged in offering microfinance loans based on the Joint Liability Group (JLG) model, with each group consisting of at least five members, and is promoted by institutions and individuals from various backgrounds.

Individual promoters with experience in banking and financial services will be the first stockholders. According to the terms of the Banks and Financial Institutions Act 2063 and current legislation, the proposed Laghubitta Bittiya Sanstha has a strong corporate record and good public relations.

As a national level Microfinance Institution, Asha Laghubitta Bittiya Sanstha Ltd was founded in Nuwakot District under the Bank and Financial Institution Act, 2063. The goal of promoting this laghubitta bittiya sanstha is to provide excellent microfinance services that are demand-driven, locally adaptive, varied, and financially sustainable. We feel that private sector participation is critical for expanding outreach and providing high-quality services.

>>> Mero Share

>>> IPO Result – Nepali Mero Share

>>> How to Apply IPO from Mero Share

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Updated: June 20, 2022 — 6:33 PM

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