The microfinance company is planning to issue 180,000 unit shares at a face value of Rs 100. The company has appointed Siddhartha Capital as its issue manager.
Presently, the company has a paid-up capital of Rs 42 million that will reach Rs 60 million after the IPO.
In the last FY, the company earned a net profit of Rs 255,000 and has reserve loss of Rs 2.67 million. The company has bad debt of 0.05 percent.
