Manakamana Smart Microfinance to issue IPO from July 01 (Asar 17)

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Manakamana Smart Microfinance Financial Institution Limited is going to issue and sell primary shares (IPO) from July 01 (Asar 17).

The company will issue 389,000 IPOs at the face value of Rs 100, equivalent to Rs 38.9 million. Out of which 6 thousand 58 lots have been allotted to the employees, 19 thousand 450 lots to the collective investment fund, and the remaining 3 lakh 63 thousand 492 lots to the general public.

Microfinance is going to issue 32.11% IPO of the issued capital of Rs. 121.15 million.

Investors can apply for a minimum of 10 lots and maximum of 1,000 lots of shares. Applications for the company’s IPO can be submitted as early as July 05 (Asar 21 and as late as July 15 (Asar 31).

Investors will be able to apply online from my stock. Applications can also be submitted from all C-ASBA member banks and financial institutions and their designated branches approved by the Nepal Securities Board.

NMB Capital is the manager of the share issue and sale of microfinance. Manakamana Microfinance Institution in Rupandehi and Smart Microfinance Institution in Dang have merged to form Manakamana Smart Microfinance.

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