National Microfinance to float 3 lakh kitta IPO shares from Shrawan 16; Investors can apply up to 10, 000 kitta

National Microfinance Bittiya Sanstha Limited  will be floating its Initial Public Offering (IPO) of 3, 00,000 unit shares worth Rs 3 crore from Shrawan 16, 2073. The offer will close on Shrawan 19, 2073 at the earliest. The maximum closing date for the offer is Shrawan 30, 2073. Interested investors must apply for a minimum of 50 units of share and they can apply for up to 10,000 units of share. The microfinance company has set aside 12,000 unit shares for its employees and 15,000 unit shares for the existing seven mutual fund companies. The mutual fund schemes are Nabil balance fund-1, NMB Sulav Investment Fund – 1, NIBL Sambriddhi Fund – 1, Laxmi Value Fund -1, Siddhartha Equity Oriented Scheme, Siddhartha Investment Growth Scheme- 1 and Global IME Sammunati Fund. The company has set aside 2, 73,000 unit share to the general public. NIBL Capital Markets Limited has been appointed as the issue manager for the IPO. The microfinance company plans to raise Rs 3 crore through the offer. After the IPO, the paid up will reach Rs 10 crore from the current Rs 7 crore. It’s authorized capital stand at Rs 50 crore. After the IPO, the promoter-public ratio of the company will be 70 % to 30%. 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. Demat account is compulsory in case the collection centers are inside Kathmandu Valley.For outside the valley Demat account will be compulsory from Magh 1. Collection centers are: