NASHDO microfinance has opened the sale of ordinary shares to the public from today. The company will open the sale of 828,750 initial public offerings (IPOs) at a face value of Rs 100 per share, equivalent to Rs 82,875,000.
In the ordinary shares issued by the company, 5 percent of the total issuance i.e. 41,437 shares were distributed to the collective investment fund and zero point five percent of the issued capital (Rs. 255 million) or 12,750 shares were secured to the employees. It is mentioned in the invitation letter issued by the company that the public can apply for the purchase.
The public will be able to apply for a minimum of 10 and a maximum of one thousand shares by March 30, and if the application is not received by then, the eviction will be open until March 15, the company said.
The public can apply for the purchase of shares by using 'Meroshare' app online as well.
The authorized capital is Rs. 500 million, the current issued capital is Rs. 255 million and the paid-up capital is Rs. 172.12 million.
ICRA Nepal has given 'ICRNP IR BB Plus' grading to the company as per the provision of credit rating during the public issue of securities. According to the ratings, the current state of the company indicates moderate risk in its ability to bear financial obligations.
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