Ganapati Microfinance Bittiya Sanstha to issue 3 lakh units IPO shares for general Public. It has appointed NIBL ACE Capital Limited as issue manager for IPO.
The company will be issuing 3,00,000 units of ordinary shares at the rate of Rs. 100 as initial public offering (IPO).
The agreement was signed by the CEO of Ganapati Microfinance Bittiya Sanstha Limited Mr. Achut Raj Sapkota and the General Manager of NIBL Ace Capital Limited Mr. Mekh Bahadur Thapa.
It is ‘D’ class licensed by Nepal Rastra Bank. Its paid up capital is Rs. 7 crore. After ipo issuance paid up capital will reach to Rs.10 crore.
It has deposit of Rs.13.26 crore & floated Rs. 26 crore to 10,428 deprived sector groups.
Its corporate office is located in Tanahun, Dulegauda. It has 20 branches around the country in the 12 districts namely Kaski, Parbat, Tanahun, Chitwan, Dhadhing, Kavre, Sindhuli, Makwanpur, Nawalparasi, Rupandekhi, Kapilvastu and Dang.
