IPO of Ganapati Microfinance on its way; SEBON adds 3.35 lakh unit shares in pipeline

3,35,000 units shares of Ganapati Microfinance Bittiya Sanstha Limited has been added in SEBON’s IPO pipeline for approval.

The microfinance company will be issuing 3,35,000 unit shares at par value of Rs 100 after receiving approval from SEBON.

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

Ganapati Microfinance Bittiya Sanstha Limited is a class “D” microfinance company licensed by Nepal Rastra Bank on Kartik 30, 2073. After the IPO, its paid up capital will reach Rs. 10 crore from 7 crore. Similarly, the authorized capital and issued capital is Rs. 20 crore and Rs. 10 crore respectively.

The microfinance company reported net profit of Rs 49.40 lakh in the first quarter of the current FY 2075/76.