Manushi Laghubitta Bittiya Sanstha Limited is going to issue IPO to the public from Shrawan 27, 2078. The company is going to issue 3,93,750 unit shares among which 5% (19,688 unit shares) is separated for mutual fund whereas 0.5% (5,469 unit shares) is for the staffs of the company. Last date to fill the IPO is 31st Shrawan banking hours. However if it is not full subscribed till 31st Shrawan then the applying date will be extended till 09th Bhadra 2078. One can apply minimum 10 shares to maximum 1000 units share.
Nepal SBI Merchant Banking Limited is appointed as the issue manager for IPO.
Manushi micro finance program was commenced in April 2002 as a major program of Manushi which was established in 1991. Presently, Manushi Microfinance is registered under company act and got the D class bank license from Nepal Rastriya Bank in Ashoj 25, 2075 B.S. The program is fully guided by the principles such as reaching the poorest, supporting and empowering women, building financially self sufficient instituition and insuring positive and measurable impact on the lives of clients and their families.
CARE Ratings Nepal Limited (CRNL) has assigned the issuer rating of “CARE-NP B+ to Manushi Laghubitta Bittiya Sanstha Limited.“CARE-NP B+ considered to offer a high risk of default regarding timely servicing of financial obligations, in Nepal.
Applicants who has Meroshare application can apply through Meroshare or it can be applied through the ASBA member's bank and financial institutions.
IPO Open Date: 2078-04-27
IPO Close Date (Early): 2078-04-31 (Banking Hours)
IPO Close Date (Lately): 2078-05-09 (Banking Hours)
Recommended quantity to apply: Since DMAT account holders are increasing day by day we recommend to apply not more than 10 share as the distribution will be done by lottery system.
0 Comments