Kathmandu. Adarsh MFI has issued initial public offering (IPO) to the public. The organization has issued a total of 67,000 ordinary shares with a face value of Rs 100. Out of which 0.5 percent or 1,035 ordinary shares have been reserved for the employees of the financial institution and 5 percent or 3,350 ordinary shares have been reserved for the collective investment fund. And, the general public will be able to apply for the remaining 62 lakh 617 shares.
Prabhu Capital is the manager of the issue and sale of the shares. According to Capital, the applicants have to apply from June 1 to July 5 (within the banking hours). They can apply for a minimum of 10 lots i.e. one thousand rupees to a maximum of one thousand lots i.e. one lakh rupees. At present, the paid up capital of the organization is Rs. 14 million. After the IPO distribution, the paid up capital of microfinance will exceed Rs. 27 million.