SEBON Adds 10 Lakhs IPO Shares of IME Limited In its Pipeline

The IPO proposal of IME Limited is in SEBON's pipeline.

The company has submitted a proposal to the capital market regulator to issue a total of 1,000,000 shares. This will raise Rs. 10 crores for the company. The application was submitted on Ashad 29, 2080.

Prabhu Capital Limited has been appointed the issue manager for the public offering.

ICRA Nepal Limited has reaffirmed a [ICRANP-IR] A (Pronounced as ICRA NP issuer rating A) Issuer Rating to IME Limited. Issuers with this rating are considered to have an adequate degree of safety regarding the timely servicing of financial obligations. Such issuers carry low credit risk.

IME Limited is one of the leading remittance companies in the country. Promoted by the IME Group, which has a presence across various business sectors in Nepal, IME Limited was established in 2001 as a private limited company and was converted into a public limited company in 2014. The company partners with over 20 foreign MTOs to provide inward remittance services from around the world and has a wide distribution network with ~30,000 registered domestic agents including banking branches, individual agents, and co-operatives.