Mero Microfinance signs agreement with NEPSE to list 20 lakh unit shares; Shares to be listed within 1 week for trading

Mero Microfinance Bittiya Sanstha Limited  and Nepal Stock Exchange Limited (NEPSE) has signed an agreement to register 20 lakh units shares today (Ashad 13, 2073). Mero Microfinance had floated its Initial Public Offering (IPO) worth Rs 6.12 crore (6.12 lakh units shares) on Falgun 27, 2072 . Ram Hari Dahal. CEO of Mero Microfinance and Sitaram Thapaliya, CEO of Nepal Stock Exchange signed the agreement to list 20 lakh units share The company had set aside altogether 20, 00, 000 units shares. Of them 5, 56, 920 units share  for general public, 13, 88,000 units for promoter shareholders, 24,480 unit shares for its employees and 30,600 unit shares for the existing six mutual fund companies has been allocated which will be listed in Nepal Stock Exchange Limited (Nepse) within 1 week for trading. According to Ram Hari Dahal, CEO of Mero Microfinance, ‘The shares will be directly transferred to the Demat account of respective shareholders as we have done agreement with CDS and Clearing Limited.’ With this, the number of companies to register in NEPSE for trading has reached to 231.The number of companies registering under the development bank list in Nepse has reached to 97. Recently, Mero Microfinance and CDSC had made an agreement to register 20 lakh units shares on Ashad 5, 2073.