Nesdo Sambridha Laghubitta Bittiya Sanstha Limited (NSLBS), a microfinance company, has opened sale of ordinary shares to the public from today. The company will open sale of 828,750 units of share at a face value of Rs 100 per share.
In the ordinary shares issued by the company, 5 percent of the total issuance or 41,437 shares were distributed to the collective investment fund and 0.5 percent of the issued capital (Rs. 255 million) or 12,750 shares were secured to the Company’s employees.
The public will be able to apply for a minimum of 10 units of share (lots) and a maximum of 1,000 units by February 27, and if the application is not received by then, the eviction will be open until March 9, the company said.
Global IME Capital Limited will be the issuance and sale manager of the company.
The company said that it has authorized capital as Rs. 500 million and the current issued capital as Rs. 255 million.
ICRA Nepal has given ‘ICRNP IR BB Plus’ grading to the company in the rating as per the provision of credit rating during public issue of securities. According to the ratings, the current state of the company indicates that there is moderate risk in its ability to bear financial obligations.
