NIBL Ace Limited To Issue IPO of Ganapati Microfinance

Ganapati Microfinance Bittiya Sanstha Limited (GMBSL) has appointed NIBL Ace Capital Limited as its issue and sales manager for the IPO issuance

Sept. 6, 2018, 8:16 p.m.

Ganapati Microfinance Bittiya Sanstha Limited (GMBSL) has appointed NIBL Ace Capital Limited as its issue and sales manager for the IPO issuance. It will be issuing 3,00,000 ordinary shares at Rs. 100 per share as its Initial Public Offering for the General Public.

The CEO of Ganapati Microfinance Bittiya Sanstha Limited Mr. Achut Raj Sapkota and the General Manager of NIBL Ace Capital Limited Mekh Bahadur Thapa had signed on the agreement.

The Ganapati Microfinance Bittiya Sanstha Limited (GMBSL) is a class “D” microfinance company licensed by Nepal Rastra Bank on Kartik 30, 2073. After the IPO, its paid up capital will reach Rs. 10 crore from 7 crore. Similarly, the authorize capital and issued capital is Rs. 20 crore and Rs. 10 crore respectively.

The company has outstanding loan of Rs. 56 crore provided to 10,428 deprived sector groups. Similarly, the company has deposit of Rs.13 crore and 26 lakh..

The company has been providing services from 20 branches located in 12 districts of Nepal.

More on Economy

The Latest

Latest Magazine

VOL 12 No.07, November 22, 2018 (Kartik. 16, 2075) Online Register Number: DOI 584/074-75

VOL 12 No.06, October 12, 2018 (Ashoj. 26, 2075) Online Register Number: DOI 584/074-75

VOL 12 No.05, September 21, 2018 (Ashoj. 05, 2075) Online Register Number: DOI 584/074-75

VOL 12 No.04, September 07, 2018 (Bhadra 22, 2075) Online Register Number: DOI 584/074-75