Unnati Microfinance’s stock symbol UMB set for open range from Rs 168.59-506

The stock symbol UMB of Unnati Microfinance Bittiya Sanstha Limited is set on open range. The open range is set with range from Rs 168.59-506 for the first transaction. Unnati Microfinance had issued IPO shares from Poush 21 to Poush 25, 2074. The microfinance company had set aside 4% (or 6,600 unit) shares for its employees and 5% (or 8,250 unit) shares for mutual funds. Remaining 1,50,150 units were allotted to the general public. Unnati’s paid-up capital after the IPO has now reached Rs 5.50 crore. The microfinance company has earned Rs 1.16 crore in the second quarter of the current fiscal year 2074/75 as of its unaudited report. Unnati Microfinance is located at Rupandehi district of Nepal with 10-district working area.