IPO of Mero Microfinance postponed due to long holidays

Kathmandu February 29- Mero Microfinance Bittiya Sanstha Limited had rescheduled its Initial Public Offering (IPO) of 6,12,000 unit shares worth Rs 61.2 million from March 10 to March 14. Earlier, it was scheduled to issue from March 3 to close on March 10 at the earliest.

Mero Microfinance has postponed its IPO due to long public holidays in-between March 24-26. SEBON, regulatory body of capital market has also prohibits companies from offering the public issue during public holidays.

 Global IME Capital Limited has been appointed as the issue manager for the IPO. ICRA Nepal has granted an 'Grade 4' to IPO of Mero Microfinance.