If it happens, it will be a rich IPO! Women's microfinance IPO on the market from Friday

 Mahila Microfinance Financial Institution Limited is opening the issuance and sale of ordinary shares (IPO) from tomorrow (January 12, Friday).

The organization is about to issue and sell 4 lakh ordinary shares (IPO) worth Rs 4 crore at a face value of Rs 100 per share. Out of which, 0.5 percent or 5,000 shares of the issued capital has been allotted for the employees, 5 percent or 20,000 shares for the collective investment fund and 375,000 ordinary shares for the general public.

Investors will be able to apply for a minimum of 10 lots and a maximum of 1,000 lots in the IPO from March 4 at the earliest to March 30 at the latest.

Investors can apply from all ASWA member banks and financial institutions approved by the Nepal Securities Board and their designated branch offices. In addition, applications can be made from my share.

Nepal SBI Merchant Banking Limited will act as the issue and sale manager to make the ordinary shares of the organization public.

ICRA Nepal has given microfinance 'ICRNP Assurance Rating Double B'. This indicates a moderate risk in terms of meeting financial obligations.