Ordinary shares (IPO) of Manushi Microfinace have been issued since Wednesday. The company has issued 393,750 shares at the rate of Rs 100 per share, equivalent to Rs 39.57 million.
Out of the total 393,750 units, the company has allotted 5,469 units to the employees of the organization and 19,688 units to the collective investment fund and issued the remaining 368,593 units to the public.
Applicants will be able to apply for the IPO, which has been open to the public since Wednesday, as early as 31 July and as late as 9 September. The company has stated that one can apply for a minimum of 10 unit and a maximum of one thousand units. The issue and sale manager of the company is Nepal SBI Merchant Banking Limited.