An offer letter for Aatmanirbhar Laghubitta Bittiya Sanstha Limited’s Initial Public Offering (IPO) to Nepalese residents living abroad and the general public has been released.

From the 11th through the 15th of Falgun in 2079, the corporation would issue 1,69,755 unit shares to the general public, each with a face value of Rs 100. In the meantime, 20,338 units of IPO shares have been reserved for Nepalese nationals working overseas. The IPO will begin on October 16 and run until February 1 of 2079. For the general public, take note that the issue may be prolonged until the 25th Falgun if the early closure date is not met. The issue, nevertheless, won’t be continued through the early closure date for Nepalese nationals who are employed overseas.

The firm has a total of Rs. 6.23 crores in issued capital, of which Rs. 2.03 crores, or 32.625%, or 203,380 unit shares, have been reserved for the general public. A total of 203,380 units have been distributed, with 10%, or 20,388 units, designated for Nepalese nationals working abroad, 1.5326%, or 3,117 units, designated for corporate workers, and 5%, or 10,170 units, designated for mutual funds. The general public will use the other 1,69,755 units.

The issue manager for the IPO issuance has been named as Sunrise Capital. For both general and Nepalese citizens working abroad, the lowest application quantity is 10, while the maximum application number is 1,000. The promoter-public share ratio will be 67.375:32.625 following the IPO.