Support Microfinance lists 6 lakh units shares in NEPSE; trading to commence after 7 days

Support Microfinance Bittiya Sanstha Limited has listed 6,00,000 units shares in Nepal Stock Exchange (NEPSE) for trading. Now, shareholders who have been allotted the shares can sell them after receiving in their demat accounts within 7 days. Support Microfinance had issued 1,80,000 units ordinary shares in IPO to the general public (including mutual funds and staffs) from Ashwin 18 to Ashwin 23, 2074. Out of 2.35 lakh applicants, only 16,740 applicants got hold of 10 units shares through lottery. Mutual funds got 9,000 units shares and 35 staffs of the microfinance got hold of total 3,600 units shares. Support Microfinance has earned net profit of Rs 14.65 lakh in the second quarter of the ongoing fiscal year 2074/75.