25th June 2020, Kathmandu
Interesting information for potential investors about the NIC Asia Laghubitta IPO; It is recommended to use at least 20 units.
NIC ASIA Laghubitta Bittiya Sanstha Limited is registered as a joint-stock company of the government of Nepal in accordance with the Companies Act 2063.
The company belongs to the category “D” Financial Institutions (Microcredit Development Bank) did not issue NRB “Gha” authorization 61/074/75 2074.8.5 to Nepal Rastra Bank (NRB) in accordance with the Banking and Financial Institutions Act 2063. Bittiya Sanstha started the financing operation from 2074.9.5 BS.
The company is headquartered in the municipality of Bheri, Station No. 4, Jajarkot District, Nepal, and its delivery area, which is covered nationwide. The main goal of the institution is to provide microfinance services to households in mountainous and mountainous areas of Nepal.
The main focus is on low-income households without wealth and the self-employed in the informal sector to improve their livelihoods. Participation in economic activities and income-generating activities. In addition to all these financial services, the focus is also on social development, cultural promotion, educational development, skills development.
The total amount of NIC Asia Laghubitta deposits at the end of Chaitra, in 2076, is Rs 1.01, Arba, and Rs 5.60 borrowed and has loans and advances of Rs 7.22 arba. The current paid-up capital is Rs 1 arba.
About the problem, NIC Asia Laghubitta will issue 47.55,000 shares and after the distribution of shares to employees and mutual funds, 44.43,200 shares will be available to the public.
When we see the recently completed IPO of a Nepalese reinsurance company; A total of 391,626 applicants filed IPOs suppose the same enthusiasm, if not more, prevails when the NICA Asia Laghubitta is announced. As the 10 Kitta rules of the IPO still exist, there are 444,320 applicants there is an opportunity to receive NIC Asia Laghubitta shares.
If the same number (or more) of IPO applicants for reinsurance in Nepal apply for this problem, there is a high probability get 10 copies, while few investors get a chance to buy an additional 10 copies. Therefore, it is recommended to use at least 20 units of the IPO edition by NIC Asia Laghubitta Limited.
Applications may be submitted for a minimum of 10 units and a maximum of 2,000,000 units. Sanima Capital Limited has been appointed Program Manager for the IPO Program.
The paid-up capital will increase by 1.48 to Arba after the issuance of public shares. After the IPO; Public participation is 32.13% and the share of promoters is 67.87%. All activities of the organizer are the property of NIC Asia Bank Limited.
The company is located in Bheri-4, Khalanga, Jajarkot and its net asset value per share for the third quarter is Rs 122.64.
Credit rating: CARE Ratings Nepal Ltd. (CRNL) issued the proposed list (CARE-NP IPO Class 4+) for the classification “CARE-NP IPO Class 4+”. NIC Asia Laghubitta Bittiya Sanstha Ltd. (NALB). “CARE-NP IPO Class 4+” shows lower than average bases. CRNL awarded the IPO scales on a scale of 1st to 5th year, 1st year showing strong foundations and fifth year showing poor foundations.
