Muktinath Krishi Company IPO opens for Nepalese citizens working abroad from today. Applicants can apply for Muktinath Krishi Company Limited IPO from Kartik 10 to Kartik 24, 2080. The issue will not add the date to apply IPO.
The company issue capital is 70 Crores out of which 20% or 14,00,000 units share will be issued for the general public after this issue closed. Out of this public issue, 10 % of 1,40,000 units of shares have been reserved for Nepalese citizens working abroad, which is issued from today.
How to apply for Muktinath Krishi Company IPO from mero share CDSC ?
Are you looking to for apply IPO? If yes, you will know here how to apply IPO from Mero Share CDSC Com NP. It is only one getaway to apply IPO and It is very easy to apply IPO in Nepal. When any company opens an IPO for the foreign or general Public, then you need to follow the following steps to apply IPO. You can also apply IPO from IPO Result – Nepali Mero Share app or IPO Result Check Pro app
Step 1: Go to the website portal (mero share com np)
Step 2: Log in with your Depository Participants, Username, and Password, and click on login
Step 3: Click on My ASBA
Step 4: Click on Apply for Issue or see on IPO opening notice on Apply for Issue
Step 5: Click on Apply bottom in the right side
Step 6: Fill Required information (Bank, Applied Kitta, CRN, and confirmation box)
Step 7: Please enter your 4 digits transaction PIN to proceed
Step 8: Click on Apply bottom.
If your all information is current, then your application will submitted. You need to confirm that your bank account with sufficient balance before applying for an IPO.
NIMB Ace Capital is the issue manager of this IPO. The applicant can apply a minimum of 10 units to the maximum quantity of 1,000 units for this IPO.
ICRA Nepal is rating of Muktinath Krishi Company Limited at [ICRANP-IR] BB- (pronounced ICRA NP Issuer Rating Double B minus). This rating is considered to have a moderate risk of default regarding timely servicing of financial obligations if required.
Muktinath Krishi Company
Muktinath Krishi Company (an associate company of Muktinath Bikash Bank) is a pioneer and the first public agricultural company established with the aim of playing a managerial role in the overall agricultural value chain through the “Krishak sanga Muktinath” and “Upabhoktaa sanga Muktinath” campaigns, with the goal of improving Nepal’s agricultural economy.
The company was established in 2075 with a 22.2% investment from Muktinath Bikash Bank, a 57.8% share held by 901 promoters involved in various business sectors of Nepal, and 20% from public shares. This company is actively involved in various activities to increase agricultural productivity and consumer welfare, offering more than 450 products and services required in the field of agricultural production.
We work towards the goal of promoting economic development in rural areas by engaging in both financial and non-financial activities related to agriculture, reaching more than 69 districts in the nation. Our primary objective is to boost production and improve productivity in rural regions. To achieve this, we collaborate with local authorities, cooperative societies, agricultural entrepreneurs, and development organizations at the grassroots level. Through thorough research of agricultural production potential, we strive to facilitate and enhance production while fostering market-oriented approaches.
We encourage the production of high-quality goods that meet consumer needs through the use of consumer cooperatives. As part of our comprehensive approach to agricultural value chains, we also play a vital role in managing and overseeing the entire agriculture value chain process.
Currently, we have been providing our goods and services in more than 70 districts throughout the country through our provincial offices established in all seven provinces, more than 200 distribution channels, and Agricultural Resource centers.