ABHI raises Rs2.046bn through IPO at Rs15.50/share

ABHI Microfinance Bank priced its shares at Rs15.50 apiece and secured Rs2.046 billion through its IPO, Business Recorder reported. The price was fixed after two days of book building, rising 3.33% from the Rs15 opening level.

Institutional, corporate and high-net-worth bidders were allocated 99 million shares, raising Rs1.534 billion, while bids covered 157.17 million shares, about 59% more than the amount offered. A further 33 million shares are scheduled for retail investors on November 12 and 13, expected to bring in Rs511.5 million. The prospectus says proceeds will reinforce regulatory capital and support growth in the bank’s advanced portfolio; its CAR was negative 6.26% on June 30, 2026, and is projected to reach 17.77% by the end of CY27.