Aviyan Laghubitta Bittiya Sanstha Limited will issue 9,75,000 units of IPO shares at the rate of Rs.100 per share amounting to Rs.9,75,00,000.
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Aviyan Laghubitta Bittiya Sanstha Overview:
Aviyan laghubitta bittiya Sanstha Limited was registered as a ‘D’ class financial institution under the company act 2063 acquiring a license from Nepal Rastra Bank on 2076-06-01 B.S. The central office of this company is located in the Kavre district, Panauti municipality ward no. 4. There are two major promoters of this company including Kumari Bank Ltd.
Mega Bank Ltd. Being a National level institution its main aim is to provide banking services to the rural people who are deprived of banking services, to uplift the income sources of poor people by providing loans with a low-interest rate, and contribute to eradicating poverty in Nepal. The paid-up capital of this company is Nrs.152500000, reserves and surplus is Nrs.815240 up to the 3rd quarter report of FY 078/79.
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The objective of Aviyan Laghubitta Bittiya Sanstha Ltd. includes the following statement:
To help the agricultural enterprises, and uplift the economic status of poor people by providing loans for agricultural purposes and other business purposes with low-interest rates. It has also aimed to increase the education quality of rural areas by helping economic funds.
Aviyan Laghubitta Bittiya Sanstha IPO Details:
Aviyan laghubitta bittiya Sanstha limited has the following IPO Details:
| Total number of shares floating | 9,75,000 |
| cost price per share | Nrs.100 |
| share capitalization | Nrs. 9,75,00,000 |
| Issue manager | Muktinath capital Limited. |
| symbol | AVI |
| Minimum number of shares to be applied | 10 shares |