3rd February 2025, Kathmandu
The lock-in period for shares held by founders and employees of NESDO Samriddhi Laghubitta will end on 7 March 2025. The company announced the end of the lock-in period, which began after its Initial Public Offering (IPO).
NESDO Samriddhi Laghubitta Shares
Shares Held by Founders and Employees
The founders hold 17,21,250 shares, while employees own 12,750 shares. These shares have been locked for three years following the IPO, which took place from 23 February 2022 to 27 February 2022. The IPO shares were distributed on 8 March 2022.
Regulations on Selling and Transferring Shares
Once the lock-in period ends on 7 March 2025, founders and employees can sell their shares. However, senior officials, such as board members and high-ranking employees, will not be allowed to buy or sell shares according to company rules.
Legal Requirement for Lock-In Period
Nepal’s regulations require companies issuing IPOs to impose a three-year lock-in period on shares held by founders and employees. This law prevents early sales and ensures stability in the market. After 7 March 2025, NESDO Samriddhi Microfinance will allow its locked shares to be traded.
Effect on Shareholders and Market Liquidity
The end of the lock-in period is a key milestone for the company. Shareholders, both founders and employees, will have the option to trade their shares. This may increase the liquidity of the company’s shares. As a result, the company’s stock price could rise, attracting more investors. The move is expected to contribute positively to the company’s overall growth.
About NESDO Samriddhi Laghubitta
NESDO Samriddhi Laghubitta Bittiya Sanstha is a prominent microfinance institution in Nepal. The company specializes in offering financial services to underserved communities, particularly in rural areas. NESDO Samriddhi provides a range of financial products, including credit and savings services.
It plays a significant role in promoting financial inclusion and economic development across Nepal’s rural population. By offering financial opportunities to those without access to mainstream banking, NESDO Samriddhi fosters economic empowerment and growth in Nepal.
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