Womi and Reliable Microfinance IPO allotment tomorrow at 9 AM & 5 PM respectively

ShareSansar, August 18:

The allotment of shares under the Initial Public Offering (IPO) of Womi Microfinance Bittiya Sanstha Limited and Reliable Microfinance Bittiya Sanstha Limited will be made public on Bhadra 2 (tomorrow).

According to the official of NMB Capital Limited, the IPO allotment of Womi microfinance will be made public tomorrow at 9 am at the premises of NMB Capital Limited, Babarmahal, Kathmandu.

Womi Microfinance had floated its IPO of 1,47,000 unit shares from Ashad 22. The IPO was over-subscribed by 113 times.

Womi microfinance had set aside 4,410 unit shares for its employees and 7,350 unit shares for the existing 6 mutual fund companies on pro rata basis. The mutual fund schemes are Nabil Balance fund-1, NMB Sulav Investment Fund – 1, NIBL Sambriddhi Fund – 1, Laxmi Value Fund -1, Siddhartha Equity Oriented Scheme, and Siddhartha Investment Growth Scheme- 1. The issue manager for the IPO is NMB Capital Limited.

The Company plans to raise Rs 1.47 crore through the offer. After the IPO, the paid up will reach Rs 3 crore from the current Rs 1.53 crore. After the IPO, the promoter-public ratio in the company will be 51% to 49%.

Similarly, IPO of Reliable Microfinance Bittiya Sanstha Limited is also opening tomorrow at 5 PM in the evening at the premises of Civil Capital Market Limited.

Mr. Kamal Khatri, assistant manager of Civil Capital Market Ltd, said that all the details regarding the IPO allotment of Reliable Microfinance will be made public tomorrow at 5 pm at the premises of Civil Capital Market Limited, Kathmandu Plaza, Kamaladi, Kathmandu.

Reliable Microfinance Bittiya Sanstha Limited had floated its IPO of 1, 50,000 unit shares from Ashad 22. The offer was oversubscribed by 109 times.

Out of the total 1, 50,000 unit shares, Reliable microfinance had set aside 7,500 unit shares for the mutual fund schemes and 1, 42,500 for general public which also includes 3,000 unit shares for its employees. Civil Capital Market Limited is assigned as the issue manager for the IPO.

The Company plans to raise Rs 15 million through the offer. After the IPO, the paid up will reach Rs 50 million from the current Rs 35 million. After the issue, the promoter-public ratio in the company will be 70% to 30%.

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