Upkar Microfinance IPO Open

Apr Fri 2022 01:43:12


Upkar Microfinance IPO Open

Kathmandu. Upkar Microfinance Financial Institution Limited is going to issue IPO from April 10. The company is about to issue an IPO to the public. 36 per cent of the company's issued capital of Rs. 100 at face value of Rs. 2 lakh 36 thousand 250 lots of ordinary shares equal to 2 million 36 million 25 thousand are about to be issued.

Applications for this IPO purchase can be submitted as early as April 12, and if no application is received as per the demand within that period, applications can be submitted as late as April 30, 2079. However, looking at the recent trend of IPO applications, it is likely that the IPO will be on sale soon. The IPO sales manager is Nepal SBI Banking Limited. Investors can apply for a minimum of 10 lots and a maximum of 1,000 lots.

All the participating banks and financial institutions and their branch offices can apply for IPO purchase along with the sales manager. In addition, my share website and app can also apply for IPO purchase.

ICRA Nepal has given ICRA NP Issuer rating double B minus rating to the company in the rating given for IPO issue. This indicates that there is a moderate risk in the ability of microfinance to bear liability.