Rastra Utthan Laghubitta Bittiya Sanstha Limited is issuing IPO issuance and sale from today, February 16 (4th Falgun 2078). Microfinance is about to issue 850,000 IPOs worth Rs 85 million.
Out of the total 850,000 shares to be issued by Rastra Utthan Laghubitta, 0.5 percent or 13,000 shares have been reserved for employees and 5 percent or 42,500 shares for mutual investment funds. The general public will be able to apply for the remaining 794,500 shares.
Applications for the IPO can be submitted as early as Falgun 8 and as late as Falgun 18. Investors will be able to apply for a minimum of 10 units to 1000 units.
The IPO issue and sale manager is NIBL Ace Capital Limited. Interested applicants can apply through C-ASWA member banks and financial institutions and through the MeroShare website and app.
ICRA Rating Nepal has given ICRA NP IR Double B 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 Rastra Utthan Laghubitta is Rs. 175 million. After the IPO allotment, the paid-up capital of microfinance will reach 260 million.
IPO Date IPO
