SCT to issue IPO to the public,
SmartChoice Technology (SCT) Limited is preparing to issue ordinary shares (IPO). With the new management, SCT is making necessary preparations to issue IPO.
Chief Executive Officer (CEO) of SCT Narayan Prasad Bhuju said that there is a plan to issue ordinary shares to the public to make the company stronger and more competitive.
He said that SCT has two years left to issue IPO as per the time frame set by the government and the company will issue shares during this period. “We are planning to issue an IPO according to the new strategy,” Bhuju told Klikmandu.
He said that the company is preparing various facilities and plans to take it to new heights with the new management of SCT. Bhuju said that the company, which is operating as a payment service operator (PSO), is being prepared to provide not only card services but also full digital solution services.
SCT, which was previously limited to cards, has now added QR services, mobile banking, POS terminals and payment gateway services. The new management has come after the management led by Rabindra Malla could not run the company.
Institutionally, the leading banks and financial institutions of the country have invested in it. Global IME Bank, Prabhu Bank and Himalaya Bank are the main investors in this company. Among the development banks, Sangrila Development Bank, Kamana Seva Development Bank, Garima Development Bank, Green Development Bank and Excel Development Bank have collaborated in SCT.