Today is the last day to apply for the IPO of Nashdo Samridha Microfinance Financial Institution Limited. Microfinance had opened 8 lakh 28 thousand 750 IPO lots worth Rs. 82.8 million.
Out of the total 8 lakh 28 thousand 750 shares 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 collective investment funds. The general public will be able to apply for the remaining 774,563 shares.
Investors will be able to apply for a minimum of 10 lots to 1,000 lots in the IPO.The IPO issuance and sales manager is Global IME Capital Limited. Interested applicants can apply through C-ASWA Member Banks and Financial Institutions and MyShare website and app.
ICRA Rating Nepal has given ICRA NP IR Double B Plus rating to microfinance in the credit rating for IPO issuance. This indicates that there is a moderate risk in fulfilling financial obligations on time.
At present, the paid up capital of microfinance is Rs. 172.12 million. After the IPO allotment, the paid up capital of microfinance will reach 255 million.