Nashdo Samriddha Microfinance Financial Institution Limited is going to open IPO sale from Phagun 11. Microfinance is about to issue 8 lakh 28 thousand 750 kitta of IPO equal to Rs 8 crore 28 lakh 75 hajar .
Out of the total 8 lakh 28 thousand 750 shares to be issued by microfinance, 0.5 percent or 12 thousand 750 shares have been reserved for employees and 5 percent or 41 thousand 437 shares have been reserved for Mutual funds. The general public will be able to apply for the remaining 7,74,563 kitta shares.
Applications for the IPO can be submitted as early as phagun 15 and as late as phagun 25. Investors will be able to apply for a minimum of 10 kitta to 1000 kitta.
ICRA Rating Nepal has given ICRA NP IR Double B Plus rating to microfinance. This indicates that there is a moderate risk in fulfilling financial obligations on time.
Global IME Capital Limited is the IPO issue manager. Interested applicants can apply through C-ASBA Member Banks and Financial Institutions and MeroShare website and app.
At present, the paid up capital of microfinance is Rs 17 crore 21 lakh 25 thousand. After the IPO allotment, the paid up capital of microfinance will reach 25 crore 50 Lakh.