Aviyan Laghubitta Bittiya IPO is closing today. Aviyan Laghubitta Bittiya Sanstha Limited (AVI) has issued 9,75,000 units worth Rs. 9.75 crores as Initial Public Offering to the general public on Shrawan 18, 2079.
A total of 9,75,000 units, a total of 12,500 units have been secured for the employees of the company and a total of 48,750 units have been secured for the mutual funds. The remaining 9,13,750 units have been issued to the general public. After the IPO is issued, the total capital of the company will be reached Rs.25 crore. This is the 39% shares of the issued capital.
Muktinath Capital Limited is the issue manager for the IPO issuance. Applicants can place for a minimum of 10 units and a maximum of 3000 units for this IPO.
According to Mero Share CDSC, a total of 14,30,406 applicants have applied for a total of 1,63,66,620 units till now. This is oversubscribed by 16.78 times and increased by today’s closing.
ICRA Nepal has assigned the issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP Issuer Rating Double B minus) to Aviyan Laghubitta Bittiya Sanstha Limited (ALBSL) IPO. This rating is considered to have a moderate risk of default regarding timely servicing of financial obligations when required.
Aviyan Laghubitta Bittiya Sanstha Limited was registered on 2075/12/24 under Company Act 2063 and got “D” Class Financial Institution operating license from Nepal Rastra Bank on 2076/06/01 as per the Bank and Financial Institution Act 2073. The central office of the Aviyan Laghubitta Bittiya Sanstha is located in Panauti Municipality Ward No.4 Kavre District. The major promotors of this institution are Mega Bank Nepal Ltd. and Kumari Bank Ltd. It is a national level institution and aims to provide banking services to the rural deprived, low income generating group of People and contribute to uplift their livelihood and to some extent eradicate the poverty of Nepal.
- To deliver comprehensive and effective micro financing complete solution strengthening its extensive branch network
- To be a mass based national level viable and sustainable micro financing organization.
The institution aims at providing innovative micro finance services in accordance with the
provisions prescribed in Nepal Rastra Bank Act 2058, Bank and Financial Institution Act
2073, Company Act 2063, other prevailing Acts and Memorandum of association of the
financial institution. The main objective of this institution is to serve the agricultural
enterprises, small entrepreneur and small enterprises with the low investment within the
area of its operation with the facilities of Micro Credit and allied micro finance facilities
and to earn the profit for the benefit of the stakeholders whether directly or indirectly.
In view of the same, the proposed Aviyan Laghubitta Bittiya Sanstha Limited has the
following specific objectives:
a) To provide financial services to the agricultural enterprises which help in
creating self-employment and income opportunities
b) To make Implementation of business of agricultural production,
c) To make Promotion and development of savingcollection among such
d) To work as a financial intermediary in order to obtain deprived sector credit
from commercial banks.
e) To make promotion of Agricultural sector by availing credit, training,
transformation of technology, availing agriculture inputs and facilitation in
marketing of Agricultural products.
f) To provide technical support in production of improved variety of agricultural
seed/ seed multiplication program
g) To assist in transfer of Technology (Agricultural production, livestock raising,
Agro Processing, Agro Trading)
h) To encourage rural youth in commercial Agricultural Enterprises.
i) To support cooperatives in processing & trading of Agricultural Products.
j) To support members in production of climate smart agricultural practices.
k) To facilitate members in marketing of Agricultural products (establishment of
collection center, price information, demand information, information sharing
among cooperatives mobile applications)
l) To make coordination and linkage with similar national and international level cooperatives, micro financing institutions, banks, donor agencies, NGO’s and INGO’s.
m) Priority in inclusiveness (inclusion of poor, vulnerable and social excluded group)
Aviyan Laghubitta Bittiya IPO – How to Apply
You can apply Aviyan Laghubitta Bittiya IPO from here: