IPO of another microfinance company! SEBON adds 2.50 lakh unit shares of Gurans Microfinance in IPO pipeline

Securities Board of Nepal (SEBON) has added 2,50,000 unit shares of Gurans Microfinance Company Limited in its IPO pipeline for approval.

The microfinance company is set to issue 2.50 lakh unit shares at par value of Rs 100 to collect Rs 2.50 crore.

NIBL Ace Capital has been appointed as the issue manager for the IPO issuance.

The microfinance institution currently has issued capital of Rs 7.75  crore and paid up value of Rs 5.25 crore. After the issuance of the IPO shares, the paid up value  will scale up to Rs 7.75 crore.

The institution was established in BS 2073 and is currently providing microcredit facilities to 11 K rural members through its 22 branches located at 10 different districts of province 1.