KATHMANDU: Rastra Utthan Laghubitta Bittiya Sanstha is all set to issue initial public offerings (IPO) from Wednesday.

According to the company, a total of 850,000 primary shares worth Rs 85 million f (Rs 100 per share) will be issued.

Of them, 42,500 shares (5%) will be put aside for collective investment fund, 13,000 for staffers of the company while the people in general can apply for the remaining 794,500 units of shares by February 20.

The company has designated NIBL Ace Capital as its issue manager.

People can subscribe for IPOs via banks and other financial institutes that have received permission (C-ASWA) from the Securities Board of Nepal and through https://meroshare.cdsc.com.np.