Share allotment of Bhaktapur Finance IPO tomorrow
Wed, Jun 10, 2015 12:00 AM on Share Allotment,
ShareSansar, June 10:
The announcement regarding the allocation of shares of the Initial Public Offering (IPO) of Bhaktapur Finace Limited will be made on Jestha 28 (tomorrow).
An official with the NMB Capital, the issue manager for the IPO, said that all the details regarding the IPO will be made public at 10:00 am tomorrow at the premises of NMB Capital in Babar Mahal.
Bhaktapur Finance went public with 7, 50,000 unit shares as part of its IPO on Baishak 9. The offer closed on Baishakh 23. The company has set aside 37,500 units for mutual funds and 15,000 units for its employees while the remaining 6,97,5000 units were earmarked for the public.
NMB Capital Limited has been appointed the issue manager and NCM Merchant Banking Limited as co-issue manager for the IPO.
ICRA Nepal has assigned an “[ICRANP] IPO Grade 5,” indicating poor fundamentals to the IPO.
The finance company has a paid up capital of Rs 12 crore and 50 lakhs which will reach to Rs 20 crore after the IPO. Following the IPO, the promoter-public ratio will stand at 62.50% to 37.50%. It had earned a profit of Rs 88 lakhs as per the financial report for the year 070/071.
The company’s EPS stands at Rs 0.29 and net worth per share at Rs 108.50.
