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IPO of National Microfinance from July 31

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IPO of National Microfinance from July 31
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July 25: National Microfinance is issuing initial public offering (IPO) from July 31. The company is issuing 300,000 units of shares under which it has allocated 12,000 unit shares for employees and 15,000 unit shares for mutual funds. Priced at Rs 100, general investors can apply for minimum of 50 units and maximum of 10,000 units of shares.

The company has informed of distributing allocated shares among the mutual funds. The company will close the issuance early in August 3 and delay in August 14. After the issuance, the paid-up capital of the company will totalled Rs 100 million. As per the predicted financial report, the paid-up capital of the company will reach Rs 200 million in FY 2073/74 and Rs 340 million in FY 2074/75.

Based on the financial report, the company will issue bonus shares and right shares in order to increase the paid-up capital. The predicted net profit in the FY 2072/73 is apparently Rs 23.2 million. Similarly, the net worth per share is Rs 144.72 in the FY 2072/73. NIBL Capital Market has been appointed as Issue Manager for the issuance. Interested investors can apply for the IPO from various branches of Nepal Investment Bank, National Microfinance Bittiya Sanstha, Gorkhas Finance, Synergy Finance and Sajha Bikas Bank. 

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