Upakar Microfinance is going to issue IPO from tomorrow (April 25). Microfinance is about to launch an IPO for general investors. The company is going to issue 2,36,250 IPO at the face value of Rs 100. Out of the total shares to be issued, 0.5 percent or 3,281 shares have been allotted for employees and 5 percent or 11,813 shares have been allotted for collective investment funds. The general public will be able to apply for the remaining 221,156 lots.
The eviction shutdown will take place on April 12 at the earliest and on April 26 at the latest. When applying, a minimum of 10 lots and a maximum of 1000 lots can be given.The company has appointed Nepal SBI Merchant Banking as the sales manager for the IPO.
The Nepal Securities Board (NSB) has given permission to the company to issue IPO on Monday. The head office of the company is located in Banke. This is the provincial level microfinance in Lumbini.