Unnati Microfinance collects Rs 80 crore from 2.49 lakh applicatants; only lucky 15,010 applicants to get shares through lottery

Initial Public Offering (IPO) of Unnati Microfinance Bittiya Sanstha Limited has been successfully responded by the general public. As per Sujan Babu Adhikari of Siddhartha Capital,” from 2.49 lakh applicants, around 80 crore amount has been collected.” The application for 1.65 lakh unit IPO shares was open from Poush 21 to Poush 25, 2074. The microfinance company has set aside 4% or 6,600 unit shares for its employees and 5% or 8,250 unit shares for the existing 11 mutual fund companies. The company will be floating 1,50,150 units shares to general public. Siddhartha Capital Limited is the issue manager for IPO. Unnati Microfinance has paid-up capital of Rs 3.85 crore, after issuance of IPO shares its capital will reach Rs 5.50 crore. The microfinance company has earned Rs 45.11 lakh in the first quarter of the current fiscal year 2074/75 as of its unaudited report. Unnati Microfinance is located at Rupandehi district of Nepal.The microfinance company is providing its services to ten districts