Ganapati Microfinance Bittiya Sanstha Limited (GMBSL) has appointed NIBL Ace Capital Limited as its issue and sales manager for IPO issuance. It will be issuing 3, 00,000 ordinary shares at Rs. 100 per share as its Initial Public Offering for the general public. The CEO of GMBSL, Achut Raj Sapkota and the General Manager of NIBL Ace Capital Limited, Mekh Bahadur Thapa signed the agreement. GMBSL is a class D microfinance company licensed by Nepal Rastra Bank. After the IPO, its paid up capital will reach Rs. 10 crores from 7 crores. Similarly, the authorised capital and issued capital is Rs. 20 crores and Rs. 10 crores respectively. The company has outstanding loan of Rs. 56 crores provided to 10,428 deprived sector groups. Similarly, the company has deposit of Rs.13 crores and Rs. 26 lakh.