Its microfinance again, IPO enthusiasts must have their eyes wide open for this one too. SEBON approved the IPO issuance for Manushi Laghubitta Bittiya Santha Limited from 11th August to 25th August.
The company is all set to issue 3,93,750 units shares worth Rs 3,93,75,000. The general public can apply for 3,68,593 Units shares while 25,157 Units (5.5%) has been set aside for company employees and Mutual funds offerings. It happens to be 36% primary shares of the total issued capital. Application for 10-1000 IPOs will be considered by the company.
The microfinance has Nepal SBI Merchant Banking Limited as issue manager and B+ Care Ratings Nepal Ltd
With a paid-up capital of Rs 7 Crore, the company would reach Rs 10.93 Crore after the primary shares.
|Name of the company||Manushi Laghubitta Bittiya Sanstha Limited (MLBSL)|
|Total IPOs||3,93,750 units|
|IPOs for General Public||3,68,593 Units|
|IPOs for other purposes||25,157 Units|
|Total IPO price||Rs 3,93,75,000|
|IPO status||Approved by SEBON|
|IPO Date||27th Shrawan – 9th Bhadra|
|Issue Open Date||2021-08-11 10:00 AM|
|Issue Close Date||2021-08-15 5:00 PM|
|IPO Result Date||7th Bhadra 2078|
|IPO price per unit||Rs. 100|
|IPO application quantity||10-1000 Units|
|Issue Manager||Nepal SBI Merchant Banking Limited|
|Paid-up Capital||Rs. 7,00,00,000|
|Projected Paid-up Capital||Rs 10,93,75,000|
|Care Rating Nepal||CARE-NP B+|
|Nepal Rastra Bank Licence for||“D” class microfinance|
There seems to be great hype for Manushi Laghubitta IPO results on the internet. It is for obvious reasons but statistics have something else to say.
With just 3,93,750 units IPO, only 39,375 applicants will receive 10 shares each. But the number of applicants in the IPO realm of Nepal reached over 22 Lakhs, which means over 21.5 Lakhs people would remain empty-handed. This is the exact case for most of the IPOs depending on the number of issues. Only IPOs with over 20 Lakh Units of IPO issue will allow the most applicant to have a high possibility of allotment.
Check Manushi Laghubitta IPO results here
The result or allotment of Manushi Laghubitta IPO will happen on 7th Bhadra 2078. You can check the results on the links below.
Mero Share Result portal
Just enter the company name and BOID number and click enter to get your results.
You must already be excited about IPOs, but when it is microfinance you must grab it. Microfinance has proven to yield great returns recently. It’s now time for Manushi Laghubitta IPO.