Support Microfinance trading starts in NEPSE from today; Trading range from Rs 102-Rs 307

Trading of Support Microfinance Bittiya Sanstha Limited has started in Nepal Stock Exchange (NEPSE) from today (Falgun 3, 2074). As per the notice published in NEPSE today, the open range is set within range of Rs 102-Rs 307 for the first transaction. The stock symbol has been set as SMB. Support  Microfinance had listed 6 lakh unit shares in Nepal Stock Exchange for trading. Support Microfinance had floated its Initial Public Offering (IPO) of 1,80,000 unit shares worth Rs 1.80 crore from Ashwin 18, 2074 till Ashwin 23, 2074. NIBL Capital is its share registrar. The microfinance has reported a net profit of Rs 6.72 lakh in the second quarter of the current fiscal year. Its EPS stood at Rs 2.24 and net worth per share is Rs 102.79.