Trading of Mero Microfinance starts in Nepse; opening price range between Rs 131-Rs 392

The trading of Mero Microfinance Bittiya Sanstha Limited (MERO) has started in Nepal Stock Exchange Limited (Nepse) from today. The opening  range has been  set  from Rs131- Rs 392 for the first transaction. The stock symbol of Mero Microfinance will be MERO. Mero Microfinance has already  listed  20 lakh unit shares in Nepse; Of them 5, 56, 920 units share  belongs to general public, 13, 88,000 units belong to promoter shareholders, 24,480 unit shares belong to  employees and 30,600 unit shares belongs to the  existing six mutual fund companies. Mero Microfinance BittiyaSanstha Limited had floated its Initial Public Offering (IPO) worth Rs 6.12 crore (6.12 lakh units shares) from Falgun 27, 2072 to till Chaitra 1, 2072;. With this, the number of companies to register in NEPSE for trading has reached to 231.The number of companies registering under the development bank list in Nepse has reached to 97.