RSDC Microfinance to Issue IPO from August 21

August 14: RSDC Microfinance Financial Institution is issuing Initial Public Offering (IPO) of 400,000 units of shares to the general public. As per the company, the IPO will open on August 21 and will close early on August 24 and later on September 4. An investor can apply for minimum 50 units of shares and maximum   4,000 units of share. The share has the face value of Rs 100 per share.

The company has appointed NIBL Capital Market as its issue manager. Interested investors can submit applications in RSDC Microfinance, all branches of Nepal Investment Bank, Vibor Capital Market, Prabhu Capital Ltd, Gurkhas Finance and its branches, branches of Guheshwori Merchant Banking and Finance, ICFC Finance Ltd, Nepal Community Bank, Synergy Finance Ltd, Sajha Bikash Bank and its branches and Sewa Bikash Bank along with share registrar.

As per the company's notice, it has allocated 20,000 units of shares to Mutual Fund Companies, 8000 units for its employees and 372,000 shares to the general public. The paid up capital of the company will reach Rs 100 million after IPO. Meanwhile, the company has been given grade 4 rating by ICRA Nepal.