Reliable Microfinance and Womi Microfinance next on the IPO list

ShareSansar June 24:

After Kisan Microfinance Bittiya Sanstha, Clean Village Microfinance Bittiya Sanstha and Mahila Sahayatra Microfinance Bittiya Sanstha there are two more microfinance companies coming with their IPO issues.

Lamjung based Reliable Microfinance Bittiya Sanstha Ltd. is soon coming with its IPO of 1,50,000 unit shares. It has already got approval from SEBON on Jestha 31, 2072. Civil Capital Market Limited is assigned as the issue manager for the same.

Mr. Deependra Banjade, Head of Operation Finance Department of Reliable Microfinance Bittiya Sanstha said, “Most probably the microfinance will float its IPO from Ashad 22.”

Also, Dhading based Womi Microfinance Bittiya Sanstha is also coming with its IPO of 1,47,000 unit shares. It received Permission of SEBON on Ashad 2, 2072. The issue manager for the IPO is NMB Capital Limited.

Ms. Neera Adhikary, Company Secretary of Womi Microfinance Bittiya Sanstha said, “The IPO would likely take place within this month but the BoD’s decision regarding this is still pending.”