Swabhimaan Microfinance Bittiya Sanstha to soon issue IPO to general public worth Rs.1.98 Crore; SEBON gives the final approval

Securities Exchange Board of Nepal (SEBON) has provided final approval to the proposed IPO issue of Swabhimaan Microfinance Bittiya Sanstha.

The microfinance company will be soon issuing 198,610 units of shares to the general public at par value to raise capital worth Rs.1.98 Crore.

Siddhartha Capital has been appointed as the issue manager for the IPO issuance of the microfinance company.

The company had posted a net profit of Rs.82.85 Lakhs in the second quarter of the fiscal year 2075/2076. The company's current paid-up capital stands at Rs.4.20 Crore and its reserve has changed from negative Rs.68.95 Lakhs in Q2 of FY 2074/2075 to positive Rs.55.82 Lakhs in the Q2 of FY 2075/76.

As of the end of the second quarter of the current fiscal year, annualized EPS of the company stands at Rs.39.45 and net worth per share is Rs.113.29.

After the IPO is issued, the paid up capital of the Rupandehi based microfinance company will be Rs.6.18 Crore.