Kathmandu: Dhaulagiri Microfinance is going to open the IPO sale for the general public from July 24th. The company is about to issue an IPO worth Rs 3331 million. According to this, it will issue 3 lakh 31 thousand ordinary shares at the rate of 100 per share. Out of this, 5% i.e. 16,550 shares of collective investment fund and 0.5% i.e. 5,155 shares have been allocated for employees.
General public can apply for remaining 3 lakh 9 thousand 295 shares. Applications can be submitted till 29th of July. The company said that if all the shares are not sold during that period, the application can be submitted till August 7th. Investors can apply for a minimum of 10 shares to a maximum of 1,000 shares.
Investors can fill shares through C-ASWA approved banks and financial institutions and My Shares. Rating agency Kier Nepal has given ‘Kier NP Double B Minus Issuer Rating’ to the Microfinance IPO. Which indicates that there is a moderate risk in the ability of the company to fulfill its obligations. Sunrise Capital is the sales manager for this IPO.