Infinity Microfinance Seeks SEBON Approval for IPO

Feb 18, 2019 Merolagani

Infinity Microfinance Bittiya Sanstha (INFINITY) has sought approval from Securities Board of Nepal (SEBON) for IPO issuance. The company is planning to issue 32.50 percent shares of issued capital.

Upon approval, the company will issue 674,000 units of shares worth Rs 67.4 million at a face value of Rs 100.

The company has appointed Civil Capital as its issue manager. Care Ratings Nepal has assigned Grade 4 to the IPO indicating below average fundamentals.

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