Stay prepared for one more IPO; Guras Microfinance inks issue management deal with NIBL Ace Capital to float 2.5 lakh  IPO shares

Guras Laghubitta Microfinance has appointed NIBL Ace Capital as an issue manager to float its 2.5 lakh unit shares to general public. The agreement regarding the issue management was signed between Acting CEO of the microfinance institution Mr. Nagendra Mishra and MD of the merchant banker Mr. Mekh Bahadur Thapa on Mangsir 13, 2075.

The microfinance institution currently has issued capital of Rs 7.75  crore and paid up value of Rs 5.25 crore. After the issuance of the IPO shares, the paid up value  will scale up to Rs 7.75 crore.

The institution was established in BS 2073 and is currently providing microcredit facilities to 11 K rural members through its 22 branches located at 10 different districts of province 1.