Kathmandu. The IPO of Sadhana Microfinance Institution is scheduled to be launched on July 7.

Applications for the IPO can be submitted as early as July 8 and as late as July 15. According to the company, the applicant can apply for a minimum of 10 lots and a maximum of 1,000 lots.

There are 10 rules for IPO. Applicants will be lucky enough to get shares of Sadhana Laghubitta Sanstha Limited. It therefore more or less confirms that this IPO distribution is done through lottery. Therefore, it is advisable to implement only 10 units.

Microfinance contributes Rs. Out of 100, 7 lakh 7 thousand 800 lots of IPO are about to be issued. Of this, 10,890 units have been set aside for employees and 35,390 units for collective investment funds.

ICRA Nepal has given a grade 4 rating to this IPO of microfinance.