NADEP floating IPO soon

Published On: June 29, 2016 12:38 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, June 28: NADEP Laghubitta Bittiya Sanstha has appointed Nabil Investment Banking Ltd as its issue manager for its initial public offering (IPO).

Issuing a statement, Nabil Investment said that its CEO Pravin Raman Parajuli and NADEP’s CEO Bishnu Prasad Atreya signed the agreement for IPO on Tuesday.

The ‘D’ class microfinance institution float 30 percent of its stocks, or  480,000 units of primary shares, to the public soon, according to the statement. The Dhading-based microfinance institution has been providing services through 35 branch offices.

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