Kathmandu: The IPO of Nashdo Prosperous Microfinance Institution is open for sale from Wednesday, March 25. Microfinance has issued 828,750 IPOs at a face value of Rs 100 per unit. Out of this, 41 thousand 437 shares or 5% shares have been allotted for collective investment fund and 12 thousand 750 shares or 0.5% shares have been allotted for employees. The general public will be able to apply for the remaining 774,563 lots.

Investors will be able to apply for it till March 30. If the IPO is not sold by that time, the application can be submitted till March 10. It will be possible to apply for a minimum of 10 lots and a maximum of 1000 lots. Global IME Capital has acted as the sales manager.

Rating agency ICRA Nepal has given a double B rating to NASHDO Prosperous Microfinance which shows moderate risk in fulfilling financial obligations on time. Investors can apply from C-ASWA licensed banks and financial institutions and their branch offices from the Nepal Securities Board. Also, they can apply through my share.