4.20 lakh unit IPO of Janasewi Microfinance upcoming within Poush; Appoints NMB Capital as the issue manager

Janasewi Laghubitta Bittiya Sanstha Limited has appointed NMB Capital Limited as the issue manager for the issuance of 4,20,000 unit shares as Initial Public Offering (IPO).

CEO of Janasewi Laghubitta, Mr Kamal Bahadur Khatri and CEO of NMB Capital, Mr Shreejesh Ghimire had signed on the agreement.

Parbat based microfinance company has issued capital of Rs 14 crore which includes Rs 9.80 crore from the promoters and after the issuance of Rs 4.20 crore worth of IPO the capital will be fully paid-up.

The microfinance has expanded its working area in 10 districts including Parbat, Baglung, Myagdi, Rukum, Rolpa etc. With the help of 21 branches, the company has floated more than Rs 1.15 arba loan and collected more than Rs 12 crore from the members as well. The microfinance company has planned to issue IPO within Poush of the current fiscal year.