microfinance IPOs coming,
Now, one after another, various companies are issuing shares. Some private companies are even becoming public companies to issue IPOs.
Similarly, the self-reliant microfinance institution is going to issue shares to the public. The company has not disclosed the time for issuance of shares. The company, which has a registrar’s office in Dang, is about to issue 180,000 ordinary shares.
The company has appointed Sunrise Capital Limited as the sales manager for the issue of shares. The agreement on sales manager has been signed by Saugatbir Chaudhary, chief executive officer of the company and Bijay Lal Shrestha, chief executive officer of Capital.
Capital will now begin the process of issuing shares of the company. The issue of shares will take place after the company gets approval from the Nepal Securities Board. Self-reliant microfinance, which has a registered office in Ghorahi, Dang, has stated that an IPO will be issued soon.
Similarly, Nesdo Samriddha Laghubitta has also applied to the Securities and Exchange Board of Nepal (SEB) seeking permission to issue 828,750 IPOs. These are fine microfinance institutions.
Similarly, Jalpa Community Microfinance has also approached the Securities and Exchange Board of Nepal (SEB) demanding the issuance of 522,000 ordinary shares. Jalpa Community Microfinance is a company that has the potential to make a lot of money.
Similarly, Rashtra Utthan Laghuvitta has also sought permission to issue 850,000 shares. Nation Upliftment Microfinance will also do well in the share market if it gets permission to issue IPO.
Upkar Microfinance has also sought permission from the board to issue 266,250 IPOs. It also seems to have a positive effect on the stock market.
These five microfinance institutions are going to issue a total of 2.46 million IPO lots. These five companies, which have applied to the board for IPO issuance and sale, will issue shares to the public through the approval of the board.