SEBON approves IPO of Swabhiman Microfinance

Apr 28, 2019 Merolagani

Securiities Board of Nepal (SEBON) has approved IPO of Swabhiman Microfinance (SMBSL). The board approved the company to issue 32.11 percent i.e., 198,610 units shares of its issued capital.

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 61.8 million after the IPO.

In the second quarter of the current FY, the company earned 8.2 million in net profit.

Join us on Viber

 

comments powered by Disqus

Development Banks Record Minimal Degrowth

Apr 24, 2024 06:56 AM

The net profit of development banks has declined less compared to commercial banks and finance companies in the third quarter.

Gold and Silver Price Decline

Apr 25, 2024 10:37 AM