Unnati Microfinance Bittiya Sanstha (UMBSL) is going to issue initial public offering (IPO) from today, January 5 2018. The company will issue 165,000 units of initial public offering (IPO) worth Rs 16.5 million to the general public.
The interested investors can apply for a minimum of 10 units and maximum of 820 units of share.
Unnati Microfinance has allocated 4 percent i.e. 6,600 units of share for its employees and 5 percent i.e. 8,250 units of share for mutual funds and the remaining 150,150 units of shares are issued to the general public.
Siddhartha Capital is appointed as the issue manager for this Public offering.
The interested investors can apply though all ASBA registered Banks & financial institutions.
Currently, Unnati Microfinance has a paid-up capital of Rs 38.5 million that will reach Rs 55 million after the IPO. The company earned a net profit of Rs 4.5 million in the first quarter of the current Fiscal Year.
Unnati Microfinance is located at Rupandehi district of Nepal.The microfinance company is providing its services to ten districts
