IME Limited to Issue IPO Shares to General Public

IME Limited IPO is much anticipated and eagerly awaited by investors. The company plans to issue 10 lakh unit shares to raise Rs. 10 crores via its initial public offering. For this purpose, IME Limited has already submitted an application to SEBON asking for approval to issue IPO at Rs. 100 per shares.

If approved by SEBON, IME Limited will issue ten percent of the total paid up capital of the company. Prabhu Capital Limited has been appointed as the issue manager for the issuance of its initial public offering.

Highlights of IME Limited IPO

• IME Limited plans to issue 10 lakh unit IPO shares at Rs. 100 per share.
• Prabhu Capital has been appointed as the issue manager.
• Application submitted to SEBON seeking for approval.
• ICRA Nepal Limited has reaffirmed a [ICRANP-IR] A Issuer Rating to IME Limited. Issuers with this rating are considered to have an adequate degree of safety regarding the timely servicing of financial obligations and carries low credit risk.

About IME Limited

IME Limited, a prominent player in the remittance sector of Nepal is a public limited company established in 2001. The company is promoted by IME group which has a strong presence in various business sectors in Nepal. The company makes it easier for people to send money to Nepal with its 20 foreign MTOs and 30,000 plus domestic agents. Its one of the much awaited Upcoming IPO in Nepal with its application under pipeline by SEBON.