Mero Microfinance to issue IPO share within end of this fiscal year

ShareSansar, January 16:

Mero Microfinance Bittiya Sanstha Limited- A national level microfinance company promoted by 8 commercial banks and 2 development banks is planning to issue primary shares (IPO) to the general public within the end of this fiscal year 2071/72.

Mero Microfinance issued capital is Rs 10 crore, whereas paid up capital is Rs 6.94 crore. The company earned Rs 26 lakh during the last fiscal year 2070/71.

The company with 15 branch office situated in 10 districts has lend Rs 40 crore to more than 13,000 customers.

The major shareholders comprises of Global IME Bank (7%), Citizen Bank (6.9%), Janata Bank (7%), NMB Bank (7%), NIC Asia Bank (7%), Prime Bank Limited (7%), Grand Bank (7%), Siddhartha Bank (7%), H&B Development Bank (7%) and NDEP (6.5%).