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| Mahila Laghubitta IPO |
Out of the total shares to be issued, 0.5 percent of the issued capital i.e. 5,000 shares have been allotted to the employees. Similarly, 5 percent of the shares allotted to the public, i.e. 20,000 shares have been allotted for collective investment funds. The general public will be able to apply for the remaining 375,000 ordinary shares.
Deadline for IPO submission
Applications for the IPO can be submitted as soon as possible till March 20. If no full application is received within that period, the eviction will be open till March 26, according to Microfinance.
Total IPO value
Microfinance is about to issue 400,000 ordinary shares at the face value of Rs 100 million, equivalent to 40 percent of the issued capital of Rs 100 million.
Minimum Apply Criteria and Issue Manager
Investors will be able to apply for a minimum of 10 lots and a maximum of 1,000 lots. The IPO issuance and sale manager of microfinance is Nepal SBI Merchant Banking Limited.
Online Apply and other Info
Investors can apply from all ASBA member banks and financial institutions approved by the Nepal Securities Board and their designated branch offices. They will also be able to apply using meroshare software.
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Conclusion
We will be be updating you the latest upcoming IPO's in the future. For more updates about new that are coming in the near future will be updated soon into our website.
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