BPW Microfinance Financial Institution Limited has prepared to issue an IPO
BPW Laghubitta Bittiya Sanstha Ltd. has planned an initial public offering (IPO) worth Rs. 97 lakhs. This microfinance will issue a total of 97,000 100-mark IPO shares. The organization’s paid-up capital will reach Rs 3 crore following the IPO. On Ashadh 8th, 2079, BPW Laghubitta applied to the Nepal Securities Board (SEBON) for permission to issue an initial public offering (IPO). If SEBON approves, the microfinance company will launch an initial public offering (IPO) to the general public. BPW Microfinance will issue 97,000 IPO shares with a face value of Rs 100 each. Mega Capital Markets Limited is the IPO’s selling manager.
Similarly, the organization appointed Mega Capital Markets Limited as the IPO sales manager. In this context, a meeting was held at the office of Mega Capital in Tripureshwar, Kathmandu. The agreement was signed by Savin Pradhanang, director of the organization, and Sulabh Shrestha, a chief investment officer of Mega Capital.
BPW Laghubitta Financial Sanstha Limited has been assigned a BB Minus Issuer Rating by ICRA Nepal Limited (ICRA NP-IR). This rating indicates that the institution has a moderate risk of failing to meet financial obligations on time. The rating, according to ICRA, is simply an opinion on the issuer’s overall creditworthiness. “This is not the opinion of a specific bond,” ICRA stated.