IPO Allotment Of Manakamana Smart Laghubitta Concludes (IPO Result !!!)
July 12, 2021 | Investopaper
Manakamana Smart Laghubitta IPO Result
NMB Capital Limited, the issue manager for the initial public offering (IPO) of Manakamana Smart Laghubitta, has concluded the IPO allotment process on Monday.
After the allotment, 36,349 received 10 shares each while the two applicants have received 11 shares of the microfinance.
A total of 19,54,274 people had applied for the shares. Of them, 2,753 applications were disqualified with 19,51,521 eligible applicants. With the allotment, more than 19.17 lakh applicants were left empty handed.
To view the IPO result of Manakamana Smart Laghubitta, click the link below:
IPO Result Of Manakamana Smart Laghubitta
IPO Of Manakamana Smart Laghubitta
Manakamana Smart Laghubitta Bittiya Sanstha Limited sold 389,000 shares in the public offering (IPO) from Ashad 17, 2078 BS to Ashad 21, 2078 BS.
The company floated 389,000 unit shares at the par value of Rs 100. Hence, the total public issue amounts to Rs 3.89 crores.
Out of the total issue, the employees of the company received 6,058 unit shares while the mutual fund schemes are allotted 19,450 unit shares. Hence, the general public received the remaining 3,63,492 shares.
One could submit an application for a minimum of 10 shares and a maximum of 1,000 shares.
Securities Board of Nepal (SEBON) had provided the approval for the IPO on Ashad 6, 2078 BS. The company had submitted an application to SEBON on Falgun 14, 2077 BS.
NMB Capital Limited was the issue manager for the IPO.
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Manakamana Smart Laghubitta Bittiya Sanstha Limited
Manakamana Smart Laghubitta is a ‘D’ class microfinance institution licensed by Nepal Rastra Bank. It started its operation from Falgun 6, 2074 BS. The head office is located at Siddharthanagar-5, Rupandehi.
Manakamana Laghubitta, Rupandehi successfully merged with Smart Laghubitta, Dang to form ‘Manakamana Smart Laghubitta’.
The company has a working area of 10 districts- Rupandehi, Kapilbastu, Rolpa, Pyuthan, Arghakhanchi, Gulmi, Parbat, Palpa, Syanja and Tanahun district.
As of Chaitra end 2077 BS, Manakamana Smart Laghubitta has a paid-up capital of Rs 8.22 crores. It has floated Rs 94.97 crores as loans and advances [Based on unaudited Q3 Report, FY 2077/78].
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