BPW Microfinance issues IPO

Published On: March 2, 2023 01:30 PM NPT By: Republica  | @RepublicaNepal


BPW Microfinance issues IPO

KATHMANDU, March 2: BPW Microfinance Institution Limited has opened the issue and sale of its ordinary shares. The company has opened the sale of ordinary shares to the general public from today.

It is stated in the public invitation letter that the company has opened the initial public offering (IPO) sale of 80,950 units of ordinary shares to the general public at the rate of Rs 100 per share. In the issued shares, ordinary investors can apply for a maximum of 1,000 shares until March 7.

According to the company, investors can apply for shares through the 'Mero Share' system and online through the ASBA member banks and financial institutions approved by the Securities Board of Nepal and their designated branch offices.

The securities issue and sales promoter of the company is Mega Capital Markets Limited and the company has been awarded the 'ICRANP IR BB Minus' certificate by ICRA Nepal.

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