In the review period, the company raised its paid-up capital to Rs 42 million from Rs 14 million and has maintained reserve fund of Rs 5.5 million.
During the period, the company collected deposit of Rs 188.9 million and extended loan of Rs 608.3 million. the company earned Rs 17 million in net interest income during the period.
The company has EPS of Rs 39.45 and bad debt ratio of 0.14 percent.
Swabhiman Microfinance sought approval from Securities Board of Nepal (SEBON) to issue IPO worth Rs 18 million on October 11.
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.