Manushi Laghubitta IPO Allotment Concludes (IPO Result !!!)
August 23, 2021 | Investopaper
Manushi Laghubitta IPO Result
Nepal SBI Merchant Banking Limited, the issue manager for the initial public offering (IPO) of Manushi Laghubitta, has concluded the IPO allotment process on Monday.
After the allotment, 36,859 received 10 shares each while the three applicants have received 11 shares of the microfinance.
A total of 23,54,784 people had applied for the shares. Of them, 7,043 applications were disqualified with 23,47,741 eligible applicants. With the allotment, more than 23.17 lakh applicants were left empty handed.
To view the IPO result of Manushi Laghubitta, click the link below:
IPO Result Of Manushi Laghubitta
Manushi Laghubitta IPO
Manushi Laghubitta Bittiya Sanstha Limited issued an Initial Public Offering (IPO) from Shrawan 27 to Shrawan 31, 2078 BS. The company has an issued capital of Rs 10.93 crores. Out of this, the company sold 36 percent or 393,750 shares in the public offering. The face value of each share is Rs 100. Hence, the IPO issue amounted to Rs 3.93 crores.
Out of the total public issue, mutual funds are allotted 5 percent or 19,688 shares while the employees of the company are reserved 0.5 percent or 5,469 shares. Therefore, the general public participated in the remaining 3,68,593 shares.
You May Also Like: How To Apply IPO/FPO/Right Share Through Mero Share?
Securities Board of Nepal (SEBON) had provided the approval on Ashad 31, 2078 BS for the IPO issuance. The microfinance had submitted the application for the public offering to SEBON on Baisakh 13, 2078 BS.
Interested investors could apply for a minimum of 10 shares and a maximum of 1,000 shares.
The company had appointed Nepal SBI Merchant Banking Limited as the issue manager for the IPO. Both the companies signed the agreement for the public offering as well as share registrar.
After the public offering, the general public will possess a 36 percent share in the company. Likewise, the promoters will hold 64 percent ownership.
Manushi Laghubitta started its operation on November 17, 2018. It has its head office at Banepa, Bhaisepati, Kavrepalanchok. It is a national-level retail microfinance company in Nepal.
Read Related Contents:
