Swastik Microfinance Financial Institution Limited has opened its IPO today, Asar 27, specifically for Nepalis working abroad. The company is offering 23,000 shares at NPR 100 each, with applications accepted until Sawan 9.
Swastik Microfinance Financial Institution Limited has opened its initial public offering (IPO) today, Asar 27, exclusively for Nepalis employed abroad. The company has put a total of 23,000 shares up for sale at a price of NPR 100 per share.
The Nepal Securities Board had granted permission to Swastik to issue an IPO worth NPR 2.31 crore, totaling 231,000 shares. In the first phase, 10 percent of these shares are being sold to Nepalis working overseas. These applicants can apply until Sawan 9. Investors may apply for a minimum of 10 shares and a maximum of 5,000 shares.
Applicants can submit their applications through member banks and financial institutions affiliated with the C-ASWA system.
Credit rating agency ICRA Nepal has assigned Swastik a B rating, indicating a high risk in meeting financial obligations on time.
This article was originally published on https://bajarkochirfar.com Translated with the help of AI and reviewed by our editorial team.
