First Business News Portal in English from Nepal
KATHMANDU, Jan 27: BPW Microfinance Financial Institution Limited is going to issue ordinary shares for Nepalis who are employed abroad.
The company is going to sell ordinary shares to Nepalis who are working abroad after receiving labor approval from the relevant agencies of Nepal government from 5th of February. It is mentioned in the public invitation letter that the company will open the initial public offering (IPO) sale of 9,700 units of ordinary shares at the rate of Rs 100 per share.
Nepalis employed abroad can apply for the purchase of a maximum of 1,000 shares until the 20th of February. The issuing and selling manager of the company’s securities is Mega Capital Markets Limited and the company has been awarded a [ICRANP-IR] BB- certificate by ICRA Nepal.
Investors can apply for the purchase of shares using ‘Mero Share’ online through the ‘C-ASBA’ system and from ASBA member banks and financial institutions approved by the Nepal Securities Board and their designated branch offices.
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