Jeevan Bikas Microfinance is issuing IPO, When can application be submitted?

-

Jeevan Bikas Microfinance Financial Institution Limited is going to open IPO issuance and sale from 11 Asar, which has earnings per share (EPS) of Rs. 104.97 in the fiscal year 2076/77. Microfinance is about to issue an IPO worth Rs. 197.73 million.


Microfinance is about to issue 1,977,300 ordinary shares with a face value of Rs 100 per share. Out of this, microfinance has allocated 5 percent of the issued capital i.e. 30,420 shares for the employees and 5 percent of the total issue or 98,865 shares for the collective investment fund. The general public will be able to apply for the remaining 18 lakh 48 thousand 15 lots.

In the credit rating issued for IPO issuance, ICRA Nepal has given microfinance a ‘BBB-‘ rating. Institutions that receive such a rating indicate a moderate amount of security and moderate credit risk to meet their financial obligations on time.

Its issue and sale manager is NMB Capital Limited. The general public will be able to apply from Mero share Software, banks, and financial institutions licensed by the Nepal Securities Board and their branch offices.
Interested investors can apply for a minimum of 10 lots and a maximum of 1,000 lots. The eviction shutdown will be on 16 Asar at the earliest and on Asar 25 at the latest.

Facebook Comments Box
Category:
Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *