Abhiyaan Lagubitta to issue IPO – myRepublica

KATHMANDU, July 24: Abhiyaan Lagubitta Bittiya Sanstha Restricted goes to open the problem and sale of its bizarre shares to most of the people. The corporate goes to open the preliminary public providing (IPO) of 975,000 shares price Rs 97.5 million at a nominal worth of Rs 100 per share from third August.

Within the bizarre shares issued by the corporate, 0.5 p.c of the entire issued capital of Rs 92.5 million shares that’s 12,500 shares will likely be given to the workers and 5 p.c of the issued shares that’s 48,750 shares will likely be reserved for the collective funding fund and the remaining 913,750 shares will likely be utilized for by most of the people, in response to the invitation letter issued by the receiving firm.

Most of the people can apply for the acquisition of a minimal of 10 shares to a most of three,000 shares till this August 7. If no functions are obtained by that interval, the problem will stay open till August 17, the corporate mentioned.

Based on Muktinath Capital Restricted, the problem and gross sales supervisor of the corporate, most of the people can even apply for the acquisition of shares via banks and monetary establishments and their department workplaces, which have been authorized by the Nepal Securities Board to supply C-ASBA providers, in addition to on-line utilizing ‘Meroshare’.

Ikra Nepal has given the corporate ‘Ikra NP IR BB’ grading as per the availability of credit standing through the public concern of securities.