NEPSE lists 20 lakh units shares of Forward Community Microfinance; Shares to be traded after 7 days of listing

Nepal Stock Exchange Limited (NEPSE) had listed 20 lakh units Initial Public Offering (IPO) shares of Forward Community Microfinance Bittiya Sanstha Limited. The listed shares will be tradable in NEPSE after 7 days of listing. The microfinance company had floated 6 lakh units shares worth Rs 6 crore as a part of their Initial Public Offering (IPO) from Magh 9, 2073 till Magh 12, 2073. The trading range may start from Rs  350– Rs.1051. After the IPO, its paid up capital has reached Rs 20 crore with promoter-public shareholding at 70:30. Its issued and authorized capital stands at Rs 20 crore and Rs 40 crore respectively.