Kalika Micro Credit Development Bank Limited is issuing two lakh unit IPOs from today.
The micro credit development bank has stated that the issuance of the IPO will continue until September 23, but it could be extended up to October 3.
Of the two lakh IPOs being floated in the market at the rate of Rs 100 per unit, 4,000 units are reserved for its staff and 10,000 units have already been allotted to the mutual funds.
The development bank has already set aside 5,000 unit shares to Nabil Balance Fund and the remaining 5,000 units to Sidhartha Investment Growth Plan-1.
The general public can bid for a minimum of 20 IPO units to a maximum of 5,000 units.
As per its offer letter for the IPOs, Kalika Micro Credit has an authorized capital of 10 crore, current capital of Rs 5 crore and a paid-up capital of Rs 3 crore.
The micro credit development bank has further stated that once the IPOs worth Rs 2 crore is issued to the general public, its paid-up capital will rise to Rs 5 crore.
The development bank based at Waling in Baglung is registered with the Securities Board of Nepal (SEBON) and as a ‘D” class institution with the Nepal Rastra Bank.
-sharesansar
The micro credit development bank has stated that the issuance of the IPO will continue until September 23, but it could be extended up to October 3.
Of the two lakh IPOs being floated in the market at the rate of Rs 100 per unit, 4,000 units are reserved for its staff and 10,000 units have already been allotted to the mutual funds.
The development bank has already set aside 5,000 unit shares to Nabil Balance Fund and the remaining 5,000 units to Sidhartha Investment Growth Plan-1.
The general public can bid for a minimum of 20 IPO units to a maximum of 5,000 units.
As per its offer letter for the IPOs, Kalika Micro Credit has an authorized capital of 10 crore, current capital of Rs 5 crore and a paid-up capital of Rs 3 crore.
The micro credit development bank has further stated that once the IPOs worth Rs 2 crore is issued to the general public, its paid-up capital will rise to Rs 5 crore.
The development bank based at Waling in Baglung is registered with the Securities Board of Nepal (SEBON) and as a ‘D” class institution with the Nepal Rastra Bank.
-sharesansar
