Mero Microfinance 3rd AGM to be held on Poush 03; IPO in pipeline

Mero Microfinance Bittiya Sanstha Limited (MMFB) is going to convene its 3rd Annual General Meeting (AGM) on Poush 03, 2072 (Friday). The AGM is going to be held at Citizens Bank International Limited, Kamaladi, Kathmandu Hall at 1:30 PM. The agendas of the AGM include endorsement of financial highlights of 2071/72 and appointment of auditor. MMFB has earned a net profit of Rs.1.58 crore in the first quarter of the fiscal year 2072/73.Its EPS remains at Rs 45.59 and net worth per share at Rs 142. Although, the microfinance has not mentioned about the Initial Public Offering (IPO) in its AGM, it is on the verge of issuing 6,12,000 Kitta primary shares to the general public. The IPO offering has been delayed due to the lengthened approval process in Nepal Rastra Bank as the NRB employees were protesting with various demands.