By Karuna Thapa
Kathmandu, February 23
Nashdo Prosperous Microfinance Institution’s initial public offering (IPO) has been open to the public since Wednesday. The company has issued 828,750 initial public offers (IPO) shares for Rs 100 per share from today. Out of which 41 thousand 437 shares i.e., 5 percent shares have been allotted for mutual fund and 12 thousand 750 shares i.e., 0.5 percent for employees, and the balance 7 lakh 74 thousand 563 shares have been opened to the public.
A minimum of 10 lots and a maximum of 1000 lots are available to interested investors.
Applications are due on February 27th and can be submitted as late as March 9th.
Global IME Capital is the company’s IPO sales manager. ICRA Nepal has given NASHDO Prosperous Microfinance a double B ratings.
