NIBL Ace Capital has been appointed as the IPO issue manager by Adhikhola Laghubitta Bittiya Sanstha Limited. The micro finance company will be issuing 400,000 unit shares to general public.
Mr. Dolraj KC, CEO of Aadhikhola Laghubitta and Mr. Kabindra dhoj Joshi, Deputy General Manager of NIBL Ace Capital had signed on the agreement.
Adhikhola Laghubitta has an authorized capital of Rs 15 crore, issued capital of 10 crore and paid up capital of Rs 6 crore. After the issuance of IPO its paid up capital will stand at Rs 10 crore. Adhikhola Laghubitta Bittiya Sanstha is a microfinance company with its head office located in Syangja operating in 10 districts including Palpa, Gulmi, Arghakhachi, Kapilvastu, Rupandehi, Nawalparasi, Kaski, Lamjung and Tanahun with 19 branches. The microfinance has collected Rs 14.45 crore as deposits and floated 49.22 crore as loans.