SEBON approves to issue 1.65 lakh unit IPO shares of Unnati Microfinance

Securities Board of Nepal (SEBON) has approved the Initial Public Offering (IPO) of Unnati Microfinance Bittiya Sanstha Limited. Unnati Microfinance is coming out with 1,65,000 units IPO shares worth Rs 1.65 crore at par value of Rs 100 per unit to the general public (including its staffs). Siddhartha Capital Limited has been assigned as the issue manager. 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 45.11 lakh in the first quarter of the current fiscal year 2074/75 as of unaudited report. Unnati Microfinance is located at Rupandehi district of Nepal.The microfinance company  is providing its services to ten districts