Rashtra Utthan Microfinance Financial Institution Limited is issuing IPO from today (Phagun 4). Microfinance is about to issue 850,000 IPOs worth Rs 8 crore 50 lakh. Out of the shares to be issued by microfinance, 13,000 shares have been secured for employees and 42,500 shares for collective investment funds. The general public will be able to apply for the remaining 794,500 shares.
Interested investors will be able to apply for a minimum of 10 kitta and a maximum of 1000 kitta. The IPO issue and sale manager is NIBL S Capital Limited. Applicants can apply through C-ASBA member banks and financial institutions and through the MeroShare website and app.
The paid-up capital of microfinance, which is currently Rs 17 crore 50 lakh, will reach Rs 26 crore after the IPO allotment. On Magh 9, the IPO of Rashtra Utthan Laghuvitta was allowed to be issued by Nepal Securities Board .