Clean Village IPO allotment tomorrow at 11 AM; high chances of lottery to all

ShareSansar, July 31:

The allotment of shares under the Initial Public Offering (IPO) of  Clean Village Microfinance Bittiya Sanstha will be made public on Shrawan 16 (tomorrow).

According to the official of NMB Capital Limited, All the details regarding the IPO allotment will be made public tomorrow at 11 am at the premises of NMB Capital Limited, Babarmahal, Kathmandu.

Clean Village Microfinance Bittiya Sanstha had floated its initial public offering (IPO) of 1, 20,000 unit’s shares at Rs 100 face value from 3rd to 7th Asad, 2072. The offer was oversubscribed by 111.7 times i.e. approx. Rs 1.22 arba collection amount.

Investors were required to invest in a minimum of 50 units of share and they can apply for up to 1,000 unit of share.

The microfinance has set aside, 4800 unit shares for its employees and 6000 unit shares for the mutual fund. Out of which 1200 unit shares for Nabil balance fund-1, 1200 unit shares for NMB Sulav Investment Fund – 1, 1200 unit shares for  NIBL Sambriddhi Fund – 1, 1200 unit shares for Laxmi Value Fund -1, 800 unit shares for Siddhartha Equity Oriented Scheme 800, and 400 unit shares for Siddhartha Investment Growth Scheme-1.

The microfinance paid-up capital will rise to Rs 4 crore from the existing Rs 2.80 crore following the IPO. After the IPO, the promoter-public ratio in the company will be 70% to 30%.

It earned a net profit of Rs 37. 79 lakh in its 2nd quarter of the fiscal year 2071/72.  Its net worth per share stands at Rs 95.49.