SEBON approves to issue 1.80 lakh units IPO shares of Support Microfinance & 24.22% rights shares of Kisan Microfinance
- ShareSansar, August 6, 2017 on Dividend, Right & Bonus , Featured , IPO News , Latest , Stock Market
Securities Board of Nepal (SEBON) has approved the Initial Public Offering (IPO) of Support Microfinance Bittiya Sanstha Limited. Support Microfinance is coming out with 1,80,000 units IPO shares worth Rs 1.80 crore at par value of Rs 100 per unit to the general public (including its staffs).
NMB Capital Limited has been assigned as the issue manager.
As per the official of NMB Capital, ” the IPO will be issued most probably in Bhadra, 2074.”
After this IPO, its paid up capital will reach Rs 6 crore with promoter – public shareholding structure at 70:30.
The microfinance company has earned net profit of Rs 48.04 lakh in the fourth quarter of last fiscal year 2073/74, It’s earning per share (EPS) stands at Rs 11.44, net worth per share at Rs 107.43.
Likewise, SEBON has also provided final approval to Kisan Microfinance Bittiya Sanstha Limited (KMFL). KMFL is seeking approval to issue 78,000 units shares at a face value of Rs 100 per share.
Civil Capital Markets Limited has been appointed as the issue manager.
Kisan Microfinance has earned net profit of Rs 1.29 crore in the third quarter of the fiscal year 2073/74 as per unaudited report. KMFL has a paid up capital of Rs 3.22 crore at present. After issuance of 24.22% right share, its paid up capital will reach to Rs 4 crore.