Another microfinance institution to float shares in IPO; Upakar Laghubitta appoints Nepal SBI Merchant Banking as issue manager to issue 1.26 lakh unit ordinary shares

Mon, Aug 31, 2020 7:11 AM on Latest, IPO/FPO News,

Upakar Laghubitta has appointed Nepal SBI Merchant Banking as an issue manager to float its 1.26 lakh unit shares through an IPO.

Under the merchant bank, Upakar Laghubitta will issue Rs 1.26 crore of IPO shares for which it has also appointed NSBI Merchant Banking as issue manager, as per the media statement.

The agreement for the same was signed between CEO of the merchant banking Ms. Roshani Bharati and CEO of Upakar Laghubitta Ms. Saradha Kumari Khatri amid a program.