Nepal Securities Board approves for IPO of women’s microfinance company

Kathmandu: The women’s microfinance financial institution is going to issue ordinary shares (IPO). The microfinance institution has also received approval from the Nepal Securities Board to issue an IPO to the public.

According to the information given by the board, the organization has received approval to issue IPO on January 21. The organization will issue 400,000 ordinary shares equal to Rs. 40 million at a face value of Rs. 100 per share.

The company has appointed Nepal SBI Merchant Banking as the issue and sale manager for IPO issuance and sale management.