IPO Grade 3+ To RMDC IPO

ICRA Nepal has assigned IPO Grade 3+ to the proposed Initial Public Offering (IPO) of Rural Microfinance Development Centre Limited (RMDC), indicating the company’s fundamentals to be ‘average’. RMDC has proposed an IPO of 1,528,800 numbers of equity shares of face value Rs 100 each with a premium of Rs 80 per share for general public and 31,200 numbers of equity shares of Rs 100 each to its employees. Meanwhile, RMDC is waiting for final approval from SEBON for the issue.