Mahila Sahayatra Microfinance issuing its IPO from today

Kathmandu, June-23 Mahila Sahayatra Microfinance Limited is opening its initial public offering of 3, 30,000 unit shares from today.

Nabil Investment Banking Limited has been appointed as the issue manager for the IPO.

Interested people can apply for a minimum of 50 units of share  to 2,000 units.

The IPO will close on Ashad 11, but the maximum closing date for the IPO has been set for Ashad   22.

The microfinance has set aside, 16,500 unit shares for the mutual fund companies. Out of which 2750 unit shares is for Nabil balance fund-1, 917 units share for Siddhartha Investment Growth Scheme, 1,833 units share for Siddhartha Equity Oriented Scheme 2,750 unit shares for NMB Sulav Investment Fund – 1, 2750 unit shares for NIBL Sambriddhi Fund, 2750 units share for the CIT based schemes.

ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below-average fundamentals to the proposed Initial Public Offering (IPO) of Mahila Sahayatra Microfinance Bittiya Sanstha Limited