Unnati Microfinance (UMB) set open range from 168.59-506

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Unnati Microfinance Bittiya Sanstha

Unnati Microfinance Bittiya Sanstha Limited stock symbol (UMB) is set on open range.

The open range is set  from 168.59-506 for the first transaction.

Unnati had floated IPO from 21 Poush to 25 Poush 2074. 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.

Unnati Microfinance has a paid-up capital of Rs 38.5 million that will reach Rs 55 million after the IPO.

Unnati Microfinance is located at Rupandehi district of Nepal.The microfinance company is providing its services to ten districts.