National Microfinance 3 lakh kitta IPO receives approval from SEBON; most probably the IPO will be issued after Ashad

National Microfinance Bittiya Sanstha Limited had received final approval from Securities Board of Nepal (SEBON) to issue Initial Public Offering (IPO) worth Rs 3 crore (3 lakh unit shares). As per the official of NIBL Capital Markets Limited, the IPO will be floated after Ashad 2073.” National Microfinance is proposing to come out with its IPO of 3,00,000 units of equity shares of face value Rs 100/- each to be issued to general public at par. NIBL Capital Market Limited is the issue manager of this IPO. National Microfinance has commenced its operation in 2014 as a National Level microfinance Institution. It is committed to exceed customer expectations in all areas of its Business through consistent processes, innovations and improvements. National Microfinance has earned net profit of Rs 2.72 crore in the third quarter of the current fiscal year 2072/73.The bank has paid up capital of Rs 7 crore