Adarsha Laghubitta IPO News | New IPO Issue 2021

Adarsha Laghubitta IPO News:- Adarsha ​​Laghubitta Bittya Sanstha Limited is going to issue Initial Public Offering (IPO) ordinary shares. This is great news for the Stock investors in Nepal because the Stock market of Nepal is more than 2800+. This is will definitely give an opportunity for the new investors who want to start their investment in Financial sectors.

Adarsha Laghubitta IPO News
Adarsha Laghubitta IPO News

 

Adarsha Laghubitta IPO Coming😄

Adarsha is liscened as Level 'D' Class financial institution or Mircofinance or Laghubitta for its operation from the Rastra Bank on November 11th 2018 with Authorized Capital of 4 Crores and its current paid up capital is 1 crore 50 Lakhs.The company has called up for its third annual general meeting with a proposal to issue an IPO to the Public.

This is a province Level of Microfinance licensed at Bagmati Province determining its work area.

 

Capital Division of Adarsha Lghubitta

  1. Authorized Capital is 4 Crores
  2. Issued Capital is 2 Crores
  3. Paid Up Capital 1 Crore 50 Lakhs


Adarsha Laghubitta Stock Trading Symbol

Shortcut of Adarsha Laghubitta is ALBBS. Adarsha Laghubitta Bittya Sanstha Limited Stock Market Share Trading Symbol is ALBBS.

As per the decision of the Board of Directors meeting held on Tuesday, June 22 (8th Ashadh, 2078), the meeting will start at 11 am on Thursday, July 15 (31st Ashadh 2078) at the Head office of the organization Located at Banepa-7, Kavrepalanchok District.

Total IPO Units and Amount of Adarsha

A special resolution to expel the IPO will be passed in the assembly. The organization has proposed to issue shares to the public at the rate of 30 percent of the current issued capital.

The current issued Capital of the Adharsha Laghubitta is 2 Crores that means 30 percent of the IPO is going to be offered to the public of share Rs. 600000 and share Units is 60000 @100. This is supposed to be small microfinance to issue public share.

In addition,

On behalf of the Board of Directors of the organization, the chairman will discuss and pass the annual report of the fiscal year 2076/77, the audit report of the Financial Year 2076/77, Balance Sheet, profit and loss account and cash flow Statement details of this year. Agenda including appointment of auditor for the Financial 2077/78 and determination of remuneration are going to be discussed and passed at the time of meeting. 


Conclusion

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