IPO of Asha Laghubitta

Asha Laghubitta Bittiya Sanstha going to issue IPO worth Rs 67.4 million from 1^st February 2019. The issue will close early on 5^th February and later on 3^rd March. Out of 674,000 units of total shares, the company will issue 629,930 units of general shares to the general public after allocating 10,370 units of shares to employees and 33,700 units to mutual funds.

The issue manager is Prabhu Capital. The interested investors can apply for a minimum of 10 and a maximum of 3,370 units of shares.The investors can apply from all C-ASBA approved BFIs, Prabhu Capital at Kamaladi-Kathmandu and Asha Laghubitta Bittiya Sanstha at Kakani-6, Newakot-Kathmandu.

Presently, the company has a paid-up capital of Rs 140 million that will reach Rs 207.4 million after the IPO issuance. Care Rating Nepal has assigned grade 4 to the IPO indicating below average fundamentals.