Unnati Microfinance Bittiya Sanstha Limited (UMBSL) has allocated its 1,65,000 units Initial Public Offering (IPO) shares worth Rs 16.5 million (Rs. 1.65 crores) today Friday morning at 8:30 AM in the office premises of Siddhartha Capital Limited, its issue manager, in Narayanchaur, Naxal, Kathmandu. Out of 2,44,427 valid applicants, only 15,015 (6%) applicants have been allotted with a minimum of 10 unit mandatory shares through the lottery system. The issue totals 1,50,150 unit shares worth of Rs 15 million (Rs 1.50 crores) and collected more than Rs 786.4 millions (Rs 78.64 crores). Likewise, 101 staffs of the microfinance company were allotted 6,600 units and 12 mutual fund schemes were allotted 8,250 units shares.
Of the total 2,46,894 applications, there were 2,467 applicants that were canceled due to various mistakes in double applications, Demat account numbers and more or less than the mentioned kittas. Given that the IPO was oversubscribed by 52.38 times, a total of 2,29,412 (94%) eligible applicants were left empty handed. The IPO was issued for four banking days about a month ago from Friday 5th January 2018 till Tuesday 9th January 2018 (21 to 25 Paush 2074) at the par value of Rs 100.
No comments:
Post a Comment