Mirmiri Microfinance IPO shares listed in NEPSE, trading range would be Rs 96 – Rs 288 per share

ShareSansar, August 17:

The Initial Public Offering (IPO) shares of Mirmire Microfinance Development Bank have been listed on Nepal Stock Exchange Limited (NEPSE) for trading.

Normally, the trading starts after 7 days of agreement between the company and NEPSE. Growmore Merchant Banker Limited has been appointed as Registrar to Share.

Now the trading of Mirmire Microfinance shares will commence from coming Monday.

The net worth of the Kavre based microfinance company stands Rs 96 as of 71/72 FY,  as per that the first trading range in the NEPSE would be between Rs 96 – Rs 288 per share.

Mirmire Microfinance Development Bank Limited has floated total 60,000 units of ordinary shares from 4th to 9th Chaitra to the general public at Rs 100 face value.