Unnati Microfinance to float 1.65 lakh units IPO shares from today; Advisable to apply 10 units only

Unnati Microfinance Bittiya Sanstha Limited is floating its Initial Public Offering (IPO) of 1,80,000 unit shares worth Rs 1.65 crore from today (Poush 21, 2074).

The offer will close on Poush 25, 2074. The maximum closing date for the offer is Magh 5, 2074.

Interested investors must apply for a minimum of 10 units of share and they can apply for up to 820 units of share.

The microfinance company has set aside 4% or 6,600 unit shares for its employees and 5% or 8,250 unit shares for the existing 11 mutual fund companies. The company will be floating 1,50,150 units shares to general public.

Siddhartha Capital Limited is the issue manager for IPO.

Interested applicants can collect ASBA forms from all ASBA-approved banks around Nepal as Securities Board of Nepal (SEBON) has made ASBA application mandatory from Shrawan 2074.

Unnati Microfinance has paid-up capital of Rs 3.85 crore, after issuance of IPO shares its capital will reach Rs 5.50 crore. The microfinance company has earned Rs 45.11 lakh in the first quarter of the current fiscal year 2074/75 as of its unaudited report.

Unnati Microfinance is located at Rupandehi district of Nepal.The microfinance company is providing its services to ten districts

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