One more IPO added in SEBON’s pipeline; Unnati Microfinance to float 1.65 lakh unit IPO shares

Unnati Microfinance Bittiya Sanstha Limited has been added in Securities Board of Nepal (SEBON) pipeline today to seek approval for the issuance of 1.65 lakh units shares worth Rs 1.65 crore as part of its Initial Public Offering (IPO) for general public. Siddhartha Capital Limited has been assigned as the issue manager for the IPO issue. Unnati Microfinance has paid-up capital of Rs 3.85 crore, after issuance of IPO shares its capital will reach 5.5 crore. The moicrofinance company has earned Rs 1.69 crore in the fourth quarter of the last fiscal year 2073/74 as of unaudited report. Unnati Microfinance is located at Rupandehi district of Nepal.The microfinance company  is providing its services to ten districts