Mahila Sahayatra IPO allotment tomorrow at 8 AM; offer was oversubscribed by 82 times
Tue, Aug 4, 2015 12:00 AM on Share Allotment,
ShareSansar, August 4;
The allotment of shares under the Initial Public Offering (IPO) of Mahila Sahayatra Microfinance Bittiya Sanstha Limited will be made public on Shrawan 20 (tomorrow).
As per the official of Nabil Investment Banking Limited, the details regarding IPO allotment will be made public tomorrow at 8 am at the premises of Nabil Investment Banking Limited, Narayanchowk, Kathmandu.
Mahila Sahayatra Microfinance Bittiya Sanstha had floated its initial public offering (IPO) of 3,30,000 kitta shares at Rs 100 face value from 8th to 11th Ashad, 2072. The offer was oversubscribed by 82 times i.e. approx. Rs 2 arba 56 collection amount.
Investors were required to invest in a minimum of 50 units of share and maximum limit was up to 2,000 unit of share.
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.
