Samata Gharelu Microfinance is to issue Further Public Offering (FPO) from 12th October 2024 (Kartik 12, 2081). Microfinance is going to issue 3 lakh 50 thousand 904.25 units of FPO with a price of Rs 100 per share to collect a total of Rs 35 million 90 thousand 425.
In order to maintain the capital structure ratio of 69.48:30.52 to the total paid-up capital of the company which was formed by merging the former Mankamana Smart Microfinance, the FPO is going to be issued with an amount equal to the share amount.
The issuance of FPOs will close on 20th November (Kartik 20) at the earliest. Applicants can apply for a minimum of 10 units, and a maximum of 1,000 units.
Credit rating company Care Rating Nepal has given the institution ‘ICRA IR BB’ rating in the rating given for the issuance of FPO. This indicates that microfinance has a moderate risk in its ability to bear financial obligations.
Investors can apply through the C-ASBA system using Mero Share and from member banks and financial institutions and CDS and Clearing Limited, which have received approval from the Nepal Securities Board.