Mahila Sahayatra IPO allotment concludes; Up to Rs 91000 thru lottery, above that 1% shares

ShareSansar, August 5:

Mahila Sahayatra Microfinance Bittiya Sanstha has concluded its IPO allotment today at the premises of issue manager Nabil Investment Banking Limited at Narayanchowk , Kathmandu at 8:00 AM.

For Online Result click here: 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 MS (space) application number and then send it to 2200. For an example type: MS (application number) and then send to 2200. The SMS would cost you Rs 3 plus taxes.

Allotment for investors who had applied from Rs 5,000 or 50 units to Rs 91,000 or 910 units shares was decided through lottery and remaining investors who had applied for Rs 92,000 or 920 units to Rs 2,00,000 or 2,000 units were allotted 1% to 1.05% on pro-rata basis.

Mahila Sahayatra Microfinance had floated 3,30,000 unit shares as part of its initial public offering (IPO). The offer closed on Ashad 11, 2072.

Of the total 3,13,500  shares set aside for public, 40% or 1,21,440 shares, were put aside for retail investors and 60% or 1,81,110 shares, under “other investor” category. Retail investors applied for a total of 83,55,610 unit shares and those in the others category demanded 1,79,96,150 units.

The shares set aside for retail investors were oversubscribed by 69 times and those set aside under other category were oversubscribed by 99 times.

Of the total 53,007 applicants only 24,524 investors got the shares.  

There were only 48 invalid applicants. Altogether 38 staffs were allotted 9,900 units and seven mutual fund schemes were given 16,500 unit shares.

The microfinance has set aside, 16,500 unit shares for the mutual fund schemes. Out of which 2,750 units share is for Nabil Balance Fund-1; 917 units share for Siddhartha Investment Growth Scheme-1; 1,833 units share for Siddhartha Equity Oriented Scheme; 2,750 units share for NMB Sulav Investment Fund – 1; 2,750 units share for NIBL Sambriddhi Fund-1; 2,750 unit shares for Laxmi Value Fund-1, and 2,750 units share Citizen Unit Scheme 2052.

The microfinance paid-up capital will rise to Rs 11 crore from the existing Rs 7.70 crore following the IPO. After the IPO, the promoter-public ratio in the company will be 70% to 30%.

It has posted a net profit of Rs 57.95 Lakhs in the 3rd quarter of 2071/72 fiscal year.  It’s projected net worth per share of the Fiscal Year 2071/72 stands at Rs 106.24 and EPS (annualized) at Rs 5.01.

ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below-average fundamentals to the proposed Initial Public Offering (IPO) amounting NPR 33 million of Mahila Sahayatra Microfinance Bittiya Sanstha Limited.