IPO sale of Atmanirbhar Microfinance open from today

KATHMANDU, Feb. 23: Atmanirbhar Microfinance opened its IPO sale on Thursday. The Microfinance has issued an IPO worth Rs. 2 crores 3 lakh 38 thousand which is 32.625 percent of the issued capital of Rs 6 crore 23 lakh 38 thousand. According to this, the company has issued 2 lakh 3 thousand 380 shares at a face value of 100 per share. Out of this, 10 percent i.e. 20 thousand 338 shares have already been issued for Nepalese who are employed abroad.

Similarly, 0.5 percent of the issued capital i.e. 3 thousand 117 shares has been reserved for employees and 5 percent i.e. 10 thousand 170 shares have been reserved for collective investment funds. Ordinary investors can apply for the remaining 1 lakh 69 thousand 755 shares.

General investors can apply for the IPO until February 27th. If all the shares are not sold during that period, it will be possible to apply till March 9th. 

Applicants can apply for a minimum of 10 shares to a maximum of 1,000 shares in this IPO. Credit rating agency CARE Nepal has awarded the 'Care NP B Plus' certificate to the IPO of Atmanirbhar Microfinance. Which shows there is a high risk in the company's ability to meet its financial obligations.