Nadep Microfinance to issue IPO worth Rs 48 million. ||Business Partner Nepal.

Nadep Microfinance Bittiya Sanstha (NADEP) is set to issue IPO worth Rs 48 million to the general investors. SEBON approved the company to issue 480,000 units of IPO at a face value of Rs 100.

Headquartered in Dhading, the company has appointed Nabil Investment Banking as its issue manager.

The company is issuing 30 percent shares to the general investors. The company has a paid-up capital of Rs 112 million that will increase to Rs 160 million after the IPO issuance.

Nadep Microfinance has share ownership of Nabil Bank, Development Project Service Centre and Lumbini Finance and Leasing Company.

In the third quarter of the current FY, the company earned Rs 44.6 million in net profit. The company with Rs 112 million in paid-up capital has reserve fund of Rs 155.6 million and has bad debt of 2.20 percent.

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