IPO of NASHDO microfinance Oversubscribed

Feb Wed 2022 03:20:57

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IPO of NASHDO microfinance Oversubscribed

Kathmandu. The IPO of Nashdo Samridha MFI has received 10.15 times more applications in the first day. According to CDS Clearing, 6,57,075 applicants have applied for 78,68,150 shares worth Rs. 786,815,000 by 5 pm on Wednesday.

The company has issued 828,750 IPO lots since Wednesday. Out of the total issue, 12,750 shares have been issued for employees, 41,437 shares for collective investment funds and the remaining 774,563 shares for the general public.

The sales manager is Global IME Capital Limited. Investors can apply from all C-ASBA member banks and financial institutions approved by the Nepal Securities Board and their designated branch offices. In addition, application can be made from my share.