The sad news came to fill the IPO of Nashdo prosperous microfinance, now what?

The sad news came to fill the IPO of Nashdo prosperous microfinance, now what?

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The public offering sale of Nashdo Prosperous Microfinance Financial Institution Limited has been opened from yesterday. As of 5:05 pm on the first day, 657,075 applicants have applied for 78,68,150 lots, according to CDSC.

Nashdo Samridha Microfinance has opened 828,750 IPO lots with a paid up capital of Rs. 172.12 million and Rs. Microfinance has stated that out of 828,750 shares at face value of Rs 100 per share, 0.5 percent or 12,750 shares have been allotted to employees, 5 percent or 41,437 shares to collective investment funds and the remaining 774,563 shares to the public.

To apply for the IPO of microfinance as early as March 30 and as late as March 25
Will be done Investors will be able to apply for a minimum of 10 lots to 1000 lots. Global IME Capital Limited is the IPO issuer and sales manager of microfinance. Interested applicants can apply through C-ASWA member banks and financial institutions and through Meroshare website and app.

ICRA Rating Nepal has given NECDO Prosperous Microfinance ICRA NP IR Double B Plus rating in the credit rating for IPO issue. This indicates that there is a moderate risk in fulfilling financial obligations on time. Nashdo Prosperous Microfinance currently has a paid up capital of Rs. 172.12 million. After the issuance of IPO, the paid up capital will reach 255 million.

 

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