Aarambha Microfinance Bittiya Sanstha Limited is shutting its Initial Public Offering (IPO) of 2,94,000 unit shares worth Rs 2.94 crore today (Falgun 21, 2074).

The offer was open from Falgun 15, 2074.

Intrigued financial specialists must apply for at least 50 units of offer and they can apply for up to 1,000 units of offer.

The microfinance organization has put aside 3% or 8,820 unit shares for its workers and 5% or 14,700 unit shares for the current common reserve organizations. The organization will skim 2,70,480 units offers to overall population.

NIC Asia Capital Limited is the issue administrator for IPO.

Intrigued candidates can gather ASBA frames from all ASBA-endorsed banks around Nepal as Securities Board of Nepal (SEBON) has made ASBA application obligatory from Shrawan 2074.

Aarambha Microfinance is situated at Banepa, Kavrepalanchowk locale of Nepal. Aarambha Microfinance had started miniaturized scale funds activities in Baisakh 27, 2071. The fundamental vision of the microfinance organization is to make open door for denied individuals by giving assets. It has 15 branch workplaces till now. Aarambha has been giving smaller scale financing administrations to denied family dwelling in uneven districts of Nepal.

Aarambha Microfinance Bittiya Sanstha Limited has paid-up capital of Rs 3.06 crore, and after issuance of IPO shares its capital will achieve Rs 6 crore.

It had posted net benefit of Rs 6.19 lakh in the FY 2073/74.

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