KATHMANDU: The Initial Public Offering (IPO) sale of the securities of Abhiyaan Laguvitt Financial Institution Limited has opened. The IPO sale of the company has been opened from Wednesday.

Microfinance has issued an IPO for the general public at a face value of Rs 100 per share. From Wednesday, the IPO issue of 975,000 shares of the company, worth 97.5 million rupees, was opened.

Of the total public issue shares, 12,500 shares have been reserved for employees and 48,750 shares for collective investment funds. Applications have been requested from the general public for the remaining 913,750 shares.

Investors willing to invest in the IPO can apply through C-ASWA member banks and financial institutions approved by the Nepal Securities Board and through the Mero Share website and app.

The IPO will be closed on August 7 at the earliest and will be open till August 17 provided the number of applied shares do not meet the issued number.