NIC Asia Laghubitta set to issue IPO (From Ashadh 10 to Ashadh 14 )

IPO of NIC Asia Laghubitta

The initial public offering share (IPO) will be called for the application to the general public by NIC Asia Laghubitta from 2020/06/24. The total number of share will be issued is four lakh forty-four thousand three hundred and twenty only (444320 shares)
IPO will be issued to the general public from June 24th to June 28 2020.

Sanima Capital has been appointed as the issue manager.
applicants can apply for a minimum of 10 units & a maximum of 2 lakh units of shares.
The applicant can apply for this IPO online through the mero share and CASBA member Bank.

Company Profile

NIC ASIA Laghubitta Bittiya Sanstha Limited is incorporated as a public limited company registration no. 171621/074/075 on 2074.4.10 BS at Company Registrar Office of Government of Nepal under Company Act 2063.The company is one of the “D” Class Financial Institutions (Micro Credit Development Bank) licensed no NRB “Gha” 61/074/75 on 2074.8.5 by Nepal Rastra Bank (NRB) under the Bank and Financial Institution Act, 2063.The Bittiya Sanstha has commenced its financial transaction from 2074.9.5 BS. The head office of the company is located at Bheri Municipality, ward no. 4, Jajarkot District, Nepal and its service area covered to nationwide.
The main objective of the institution is to provide microfinance services to households from Hilly and Mountainous regions of Nepal with prime focus on low-income households, assets-less, self-employed in the informal sector to uplift their livelihood increasing involvement in economic activities and income-generating activities. Besides all these financial services, it also focuses on their social development, cultural promotion, educational development, skill development

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