Aviyan Laghubitta IPO Allotment to be Concluded Tomorrow at 9 AM; 91,375 Lucky Applicants will Get 10 units Each

Muktinath Capital Limited is going to allot IPO of Aviyan Laghubitta Bittiya Sanstha Limited (AVI) on Monday i.e Shrawan 30 at 9 AM. The IPO allotment will take place at the premises of Muktinath Capital Limited, Narayanchaur, Kathmandu.

The company opened its IPO issue of 9,13,750 units shares worth Rs. 9.13 crores to the general public from Shrawan 18 till Shrawan 22, 2079.

Out of the offered 9,75,000 units; 0.5% of the issued capital i.e. 12,500 units were for the employees of the company and 5% of the total offered shares to the general public i.e. 48,750 units had been set aside for the mutual funds. The remaining 9,13,750 units were for the general public.

According to CDSC, 20,49,721 applicants had applied for a total of 2,31,85,440 units worth Rs. 2.31 Arba till last day. Thus, the IPO was oversubscribed by more than 23.77 times in terms of a number of units through ordinary applicants as of the closing.

ICRA Nepal has assigned the issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP Issuer Rating Double B minus) to Aviyan Laghubitta Bittiya Sanstha Limited (AVI). Issuers with this rating are considered to have a moderate risk of default regarding timely servicing of financial obligations.