Mahuli Samudayik IPO allotment concludes: 10,920 out of 80,586 applicants allotted 10 units shares each
Sat, Jun 3, 2017 12:44 PM on Latest, IPO/FPO News, IPO/FPO Result News, Featured, Share Allotment, Stock Market,
Sunrise Capital Limited (previously known as NCM Merchant Banking Limited), the issue manager for the IPO of Mahuli Samudayik Laghubitta Bittiya Sanstha Limited, has concluded the allotment of 1.20 lakh units IPO shares today. The allotment was held today at the issue manager’s premises at Kamalpokhari, Kathmandu at 12:30 PM.
Allotment for all investors were decided through lottery. Out of the total 80,586 applicants, only 10,920 applicants got shares. Those who were allotted the shares through lottery got 10 units shares each. Likewise, 7 mutual funds were allotted 6,000 units shares and 106 staffs of Mahuli Samudayik were allotted 4,800 units shares.
There were 1,155 invalid applicants.
Retail investors applied for a total of 90,20,440 unit shares and those in the others category demanded 1,23,21,640 units shares.
The shares set aside for retail investors were oversubscribed by 206 times and those set aside under other category were oversubscribed by 188 times.
Mahuli Samudayik Laghubitta Bittiya Sanstha Limited had issued its Initial Public Offering (IPO) of 1,20,000 unit shares worth Rs 1.20 crore from Baisakh 7, 2074 till Baisakh 11, 2074. The issue was oversubscribed by 195 times till last day. Interested investors were required to apply for a minimum of 50 units of shares and they could apply for up to 600 units of shares.
Individual lottery results can be checked at ShareSansar’s IPO Result section later today.
The microfinance company has raised Rs 1.20 crore through the offer. After the IPO, the paid up capital of the company has reached Rs 4 crore from the current Rs 2.80 crore. Its authorized capital stands at Rs 15 crore.
After the IPO, the promoter-public shareholding structure of the company has been restructured to 70 % to 30%.
Mahuli Samudayik Laghubitta was established on June, 1994. It basically focused on community development services at the time of its inception. It started microfinance program from September, 2000 and got upgraded to Class “D” financial institution in the FY 2070/71. The microfinance company has its working area in 10 districts with 28 branches.
Retail investors applied for a total of 90,20,440 unit shares and those in the others category demanded 1,23,21,640 units shares.
The shares set aside for retail investors were oversubscribed by 206 times and those set aside under other category were oversubscribed by 188 times.
Mahuli Samudayik Laghubitta Bittiya Sanstha Limited had issued its Initial Public Offering (IPO) of 1,20,000 unit shares worth Rs 1.20 crore from Baisakh 7, 2074 till Baisakh 11, 2074. The issue was oversubscribed by 195 times till last day. Interested investors were required to apply for a minimum of 50 units of shares and they could apply for up to 600 units of shares.
Individual lottery results can be checked at ShareSansar’s IPO Result section later today.
The microfinance company has raised Rs 1.20 crore through the offer. After the IPO, the paid up capital of the company has reached Rs 4 crore from the current Rs 2.80 crore. Its authorized capital stands at Rs 15 crore.
After the IPO, the promoter-public shareholding structure of the company has been restructured to 70 % to 30%.
Mahuli Samudayik Laghubitta was established on June, 1994. It basically focused on community development services at the time of its inception. It started microfinance program from September, 2000 and got upgraded to Class “D” financial institution in the FY 2070/71. The microfinance company has its working area in 10 districts with 28 branches.
