Samata Microfinance got approval from SEBON to float 94,800 units IPO shares; IPO within Poush end

Samata Microfinance Bittiya Sanstha has got final approval from Securities Board of Nepal (SEBON) to float IPO worth Rs 94.80 lakh (94,800 unit shares) on Mangsir 29, 2073. An official of Samata Microfinance said “We have got approval from the Board. Firstly, we will conduct Annual General Meeting (AGM) and then only we will float IPO by the end of Poush. ” NIBL Capital Markets Limited has been appointed as the issue manager for the IPO. Of the total share, the company will float IPO worth Rs. 94.80 Lakh which is 30% of  the issued capital amount. The promoters own 70% shares i.e. Rs 2.21 crore in the company. After the IPO, its paid up capital will reach Rs 3.16 crore. Samata Microfinance is located at Simara of Bara district of Nepal. The microfinance company’s objective is to boost agricultural production to generate income and employment among the poor by delivering poor friendly and sustainable micro-finance services.