Support Microfinance Bittiya Sanstha Ltd. (SMFBL) has allocated its Initial Public Offering (IPO) today, Wednesday. According to NMB Capital Ltd., the issue manager of the microfinance, out of 226,932 applicants, only 16,740 applicants are allotted 10 units of mandatory shares through the lottery system.
Of the total 226,932 IPO share applications worthing Rs. 2.24 billion, 210,192 were canceled. The microfinance headquartered at Itahari issued 180,000 units of IPO shares to general public worth Rs. 18 million from 4th to 9th October 2017. The issuance was oversubscribed by 27.69 times.
Out of the total shares, the company allocated 3,600 units (2%) and 9000 units (5%) of shares for employees and mutual funds respectively.
As per the statistics provided by NMB Capital, only 7.38% of the total applicants are provided the shares.
Currently, the company has a paid-up capital of Rs. 42 million. After this IPO issuance, it will reach Rs. 60 million. The microfinance earned a net profit of Rs. 4.8 million in the last Fiscal Year (FY). The company has Rs. 3.119 million in its reserve fund.
Check the link below to see the result at MeroLagani Site:
Check the link below to see the result at ShareSansar Site:
Check the link below to see the result at Bizpati 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:
ShareUpdateNepal: Wednesday 8th November 2017
