NESDO Sambridha Laghubitta Bittiya Sanstha IPO NASHDO Prosperous Microfinance Financial Institution Limited has issued an IPO worth Rs. 828,000. The organization has opened a sale of 8 lakh 28 thousand 750 ordinary shares worth Rs. 82.8 million for IPO from today.
NESDO Sambridha Laghubitta Bittiya Sanstha IPO
In the ordinary shares issued by the company, 5 percent of the total issuance or 41,437 shares were distributed to the collective investment fund and zero point five percent of the issued capital (Rs. 255 million) or 12,750 shares were secured to the employees. It is mentioned in the invitation letter issued by the company that the public can apply for the purchase.
The public will be able to apply for a minimum of 10 lots and a maximum of one thousand lots by March 30, and if the application is not received by then, the eviction will be open until March 15, the company said.
Global IME Capital Limited has stated in the issuance and sale manager of the company that the public can apply to buy shares by using ‘My Shares’ online from banks and financial institutions and their branch offices which have been given permission by the Nepal Securities Board to provide CISWA facility.
The authorized capital is Rs. 500 million and the current issued capital is Rs. 255 million and the paid-up capital is Rs. 172.12 million.
ICRA Nepal has given ‘ICRNP IR BB Plus’ grading to the company in the rating as per the provision of credit rating during the public issue of securities. According to the ratings, the current state of the company indicates that there is a moderate risk in its ability to bear financial obligations.