Reliable Microfinance share trading to commence from today

Kathmandu December 1- Trading of Lamjung based Reliable Microfinance Bittiya Sanstha Limited had commenced in NEPSE from today of 5,00,000 units shares.

As per the notice published on NEPSE, the open range price of microfinance is set with range from Rs. 108 to Rs. 324 for the first transaction. Earlier,  Reliable Microfinance had floated 1, 50,000 unit shares in initial public offering (IPO).The issue had witnessed overwhelming response from the investors oversubscribing the IPO by 109 times.

The shares of Reliable Microfinance were alloted through lottery where allottees were granted minimum of 10 unit shares. Reliable Microfinance had appointed Civil Capital Market Limited as its Registrar to the Share (RTS).

Civil Capital will be providing various share related transactions such as ownership transfer of shares, signature verification, splitting of shares, dividend distribution, among others, and all other services related to share registration from its office in Kamaladi, Kathmandu.