BPW Lagbhubitta Bittiya Sanstha is Closing its 80,950 Units of IPO Shares from today for General Public
BPW Laghubitta Bittiya Sanstha is going to close its 80,950 Units of IPO Shares for General Public from today or 23rd Falgun 2079. The IPO was Strat on the 18th of Falgun 2079.
The corporation has been issuing 80,950 unit shares with a face value of 100 rupees to the general public.
10% of the shares, or 9,700 units, were reserved for Nepalese nationals who were working abroad. Employees of the firm received 1.50% of the shares, or 1,500 units, while mutual funds received 5% of the shares, or 4,850 units.
The general public will receive the remaining 80,950 units IPO Shares.
Mega Capital Markets has selecte to serve as the IPO’s issue manager. A minimum of 10 shares and a maximum of 1000 shares can requested by interested investors.
12,75,435 applicants have submitted applications to CDSC for a total of 14,027,800 units. Thus far, the issue has oversubscribe by a factor of 173.28.
BPW Laghubitta Bittiya Sanstha Limited has give an issuer rating by ICRA Nepal of [ICRANP-IR] BB- (pronounced ICRA NP Issuer Rating Double B minus).
BPW Laghubitta Bittiya Sanstha Limited, an MFI with a license to operate in the Bagmati Province, was established in September 2018 and began operating in April 2019.
Upon licensing, BPW acquired the microfinance operations of Business and Professional Women Patan (BPW Patan). An organization founded in March 1995 that has been acting as a financial intermediary since 2002.
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