Womi Microfinance issuing its IPO

Kathmandu, June-30 Womi Microfinance Bittiya Sanstha a Dhading based microfinance will be floating its IPO of 1, 47,000 unit shares from Ashad 22, and will close on Ashad 25 with maximum close date Shrawan 5, 2072.

NMB Capital Limited has been appointed as the issue manager for the IPO.

People willing to invest can apply for a minimum of 10 units of share to maximum of 1,000 unit of share.

The microfinance has set aside 4, 410 unit shares for its employees and 7,350 unit shares for mutual fund companies.

Out of which 1,470 each for Nabil balance fund-1, NMB Sulav Investment Fund, Laxmi Value Fund -1, NIBL Sambriddhi Fund  and 980 unit of shares for Siddhartha Equity Oriented Scheme and 490 for Siddhartha Investment Growth Scheme- 1.

 Its current paid up capital is Rs 1.53 crore which will reach 3crore after IPO issuing.

The microfinance earned a net profit of Rs 62.03 lakh in its 2nd quarter of the fiscal year 2071/72. Its net worth per share stands at Rs 116.12 and Earning per share at Rs 26.77.