Reliable Microfinance share trading to commence from today; Trading range from Rs 108-324

Lamjung based Reliable Microfinance Bittiya Sanstha Limited had signed an agreement to list its 5, 00,000 units shares in Nepal Stock Exchange Limited (NEPSE). The trading commence in Nepse from today. As per the notice published on NEPSE, The open range is set with range from Rs. 108- 324 for the first transaction. The stock symbol for Reliable Microfinance is set as RMFL. Reliable Microfinance had floated 1, 50,000 unit shares as part of its initial public offering (IPO).The issue was oversubscribed by 109 times, had witnessed overwhelming response from the investors that time. The allotment of shares of Reliable Microfinance took place through lottery and allottees were eligible for a minimum of 10 unit shares. Reliable Microfinance has appointed Civil Capital Market Limited as its Registrar to the Share (RTS). Civil Capital will be providing various share related transactions such as ownership transfer of shares, signature verification, splitting of shares, dividend distribution, among others, and all other services related to share registration from its office in Kamaladi, Kathmandu.