Upakar Laghubitta to issue IPO from 25th Chaitra

Upkar Microfinance Financial Institution Limited  (Upakar Laghubitta Bittiya Sanstha Limited) will begin selling its first public offering (IPO) on 25th Chaitra. Microfinance is poised to make an initial public offering (IPO) for the general public.

Microfinance is planning to issue 236,250 ordinary shares having a face value of Rs. 100 each. A total of 0.5 percent (3,281) of the total shares to be issued has been set aside for microfinance staff, and 5% (11,813) has been set aside for mutual funds. The remaining 2,21,156 shares will be available to ordinary investors.

Investors can apply for a minimum of 10 lots and a maximum of 1,000 lots of shares.

The eviction suspension will begin on 29th Chaitra at the earliest and end on 9th Baisakh at the most. One can apply for the shares from C-ASBA member banks and financial institutions plus you may apply for the IPO using Mero Share’s website and app.

Upakar Laghubitta’s share issuing and sale is managed by Nepal SBI Merchant Limited. 

Also Read: Upcoming IPO’s in Nepal.

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