Aarambha Microfinance Bittiya Sanstha Limited (AMBSL) has concluded its allotment of 2,94,000 unit initial public offering (IPO) shares within 36 hours of closing of the issue amidst a press meet organized by CDS and Clearing Limited of the successful implementation of C-ASBA.
The IPO was issued to the public just a week ago starting from last Tuesday 27th February to this Monday 5th March 2018 (15th to 21st Falgun 2074). The allotment period has been reduced to a mere few days due to the full implementation of Centralized Applications Supported by Blocked Amount (C-ASBA) by Central Depository System, proving it a historical mark in the stock market of Nepal.
According to NIC Asia Capital Limited, the issue manager for the IPO of the microfinance, out of the total 1,88,048 IPO share applicants, only 27,048 applicants are allotted the mandatory 10 unit shares through the lottery system, leaving the remaining 1,61,000 empty handed.
The IPO of the microfinance was oversubscribed by 7 times and since the number of share applicants was significantly high, only 1 in 7 i.e. only 14% share applicants were able to obtain the shares.
The microfinance issued 49% shares of its issued capital. Out of the total shares, allocated 8,820 unit shares (3%) were allotted to its employees and 14,700 unit shares (5%) to the existing mutual fund companies and the remaining 270,480 unit shares (92%) were floated to the general public investors.
Its paid up capital will reach Rs 6 crores after this IPO issuance. Currently, its paid up capital is Rs 3.06 crores.
Aarambha Microfinance office is located at Kavreplanchok District. Currently, it has providing services around 15 districts nationwide.
Check the link below to see/download the IPO ALLOTMENT MODULE:
Check the link below to see/download the IPO ALLOTMENT NOTICE:
Individual lottery results can be checked at links given below:
Check out the result:
Check the link below to see the result at NIC Asia Capital site:
Check the link below to see the result at ShareSansar Site:
Check the link below to see the result at MeroLagani Site:
Check the link below to see the result at NepseKhabar Site:
Check the link below to see the result at Bizpati Site:
Check the link below to see the result at NepaliPaisa Site:
Check the link below to see all allottees list in excel format:
Check the link below to see/download all allottees list in pdf format:
Check the link below to search if your name in the the non-allottees list:
StockNewsNepal: Wednesday 7th March 2018.
StockNewsNepal: Wednesday 7th March 2018.
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