KATHMANDU: Ganapati Microfinance Bittiya Sanstha Ltd (GMBSL) has appointed NIBL Ace Capital Ltd as its issue and sales manager for initial public offering (IPO) issuance.
It will be issuing 300,000 ordinary shares at Rs 100 per share as its IPO for the general public.
The CEO of GMBSL Achut Raj Sapkota and General Manager of NIBL Ace Capital Ltd Mekh Bahadur Thapa put their initials on the agreement, as per a media release.
GMBSL is a class ‘D’ microfinance company licensed by Nepal Rastra Bank.
After the IPO, its paid-up capital will reach Rs 100 million from Rs 70 million.
The post GMBSL plans IPO appeared first on The Himalayan Times.
Written by Sandeep
This news first appeared on https://thehimalayantimes.com/business/gmbsl-plans-ipo/ under the title “GMBSL plans IPO”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
