Support Microfinance appoints NMB Capital as issue manager to float IPO worth Rs 1.80 crore; IPO within Chaitra

Support Microfinance Bittiya Sanstha Limited has appointed NMB Capital Limited as its issue manager on Poush 3, 2073.Chandra Lal Dhakal, CEO of Support Microfinance and Shreejesh Ghimire, CEO of NMB Capital signed the agreement. Issuing a statement it stated that the microfinance company will be issuing Initial Public Offering (IPO) Shares worth Rs 1.80 crore to general public. At present the microfinance has authorized capital of Rs 15 crore and issued capital of Rs 6 crore of which Rs 4.20 crore from promoter side has been paid. The company will float 1.80 lakh unit IPO shares worth Rs 1.80 crore. After issuance of IPO, its paid up capital will reach to Rs 6 crore. The microfinance company will issue Initial Public Offering (IPO) by the end of Chaitra added the statement. At present the microfinance is rendering its services in 10 districts. It has floated loan of more than Rs 19 crore. Till now the company have provided microfinance loan to 3,800 members.