Swabhiman Microfinance to issue IPO – Sebon granted approval

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Initial public offering (IPO)

Swabhiman Microfinance Bittiya Sanstha to float IPO shares for general public. Security board of Nepal has granted approval to float IPO on 11 Baishah 2076.

The company will be issuing 198,610 units IPO share at the rate of Rs.100. the issue is 32.11% of issued capital. IPO will be floated soon.

Siddhartha Capital Limited has appointed as issue manager.

Its paid up capital is Rs.4.20 crore. After IPO issuance, paid up capital will reach to Rs. 6.18 crore.

It is located in Rupandehi District.