Clean Village IPO Result out; 45,338 applicants allotment wrap up through lottery

ShareSansar, August 1:

Clean Village Microfinance Limited has concluded its IPO allotment today at 11:00 AM at the premises of its issue manager NMB Capital Limited at BabarMahal, Kathmandu.

For online RESULT click: http://www.sharesansar.com/iporesult.php

You can also check result by sending SMS. Sparrow SMS is providing IPO result through SMS. Any one if needed can SMS CV (space) application number and then send it to 2200. For an example type: CV 5555 and then send to 2200. The SMS would cost you Rs 3 plus taxes.


Of the total 1,09,200 shares set aside for public, 40 % or 43,680 shares were put aside for retail investors and 60 % or 65,520 shares under “other investor” category.  Retail investors applied for a total of 60,35,980 unit shares and those in the others category demanded 92,28,320 kittas.

Since the allotment took place through lottery, all allottee were eligible for a minimum of 10 shares.

Given the high number of applicants, allocation on pro rata basis was not possible so the allotment was made through lottery system. Allotment of all applicants from minimum Rs 5,000 to maximum Rs 1,00,000 amount investors were decided through lottery.

The shares set aside for retail investors were oversubscribed by 138.18 times and those set aside under other category were oversubscribed by 140.84 times.

Of the total 45,338 Applicant’s only 10,920 investors were allotted the shares.  

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 microfinance has set aside, 4,800 unit shares for its 100 employees and 6,000 unit shares for 6 mutual fund schemes. 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, and 400 unit shares for Siddhartha Investment Growth Scheme-1.

In total 73 applicants were disqualified who had applied for 44,597 units shares in the IPO.

Clean Village Microfinacne  Bittiya Sanstha Limited (CVMBS) is incorporated as a limited company under company Act 2063 and licensed by Nepal Rastra Bank as “D” class financial institution having 15 mountainous and hilly district  to operate under Bank and financial institution Act 2003.

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%.

“The company is looking forward to distribute 20 percent dividend to its shareholders from Rs 80 lakhs net profit the microfinance has earned in last FY 2071/72. Also, planning to upgrade to the National Level microfinance company by increasing it’s paid up capital from existing Rs 4 crore to Rs 10 crore to meet the minimum requirement,” opined Tejendra Sharma Lamsal, CEO of Clean Village Microfinance Limited.