RMDC shares trading starts from next week on NEPSE

Rural Micro Finance Corporation (RMDC) today has signed an agreement with Nepal Stock Exchange (NEPSE) for listing of its 5.2 million units share. As per the NEPSE rule, investors are able to trade RMDC share only after 7 days of agreement.

Earlier RMDC has appointed NCM Merchant Banking as its Registrar to share. NCM Merchant Banking Limited will be providing various share related transactions such as ownership transfer of shares, signature verification, splitting of shares, dividend distribution, among others, and all other services related to share registration from its office in Kamal Pokhari, Kathmandu

The company had launched its IPO on Asar 13, 2070.

RMDC had issued 1,528,800 equity shares of face value NRs 100 each with a premium of NRs 80 per share for the general public and 31,200 equity shares of NRs 100 each for its employees, which is 2% of the overall issue.

The company had set aside 78,000 general shares, from the issued equity shares to general public, for mutual funds, with 26,000 units each allotted to Siddhartha Growth Scheme-1, Nabil Balance Fund-1 and Citizen Investment Trust Scheme.
-sharesansar