Mahuli Samudayik Laghubitta lists 4 lakh units IPO shares in NEPSE; Shares to be traded after 7 days of listing

Mahuli Samudayik Laghubitta Bittiya Sanstha Limited has listed 4,00,000 units IPO shares in Nepal Stock Exchange (NEPSE) today. 4 lakh units ordinary shares can now be traded in NEPSE after 7 days. Mahuli Samudayik Laghubitta has issued 1,20,000 unit shares worth Rs 1.20 crore as part of its Initial Public Offering (IPO) for the general public on Baisakh 7 to Baisakh 11, 2074. Allotment of the microfinance was concluded through lottery. Applicants are allotted with maximum of 10 units of shares only. The microfinance company has set aside 4,800 unit shares or 4% for its employees and 6,000 unit shares for the existing ten mutual fund companies. The mutual fund schemes are Nabil Balanced Fund-1, Nabil Equity Fund, NMB Sulav Investment Fund – 1, NMB Hybrid Fund L-1, NIBL Sambriddhi Fund – 1, NIBL Pragati Fund, Laxmi Value Fund -1, Siddhartha Equity Oriented Scheme, Siddhartha Investment Growth Scheme- 1 and Global IME Sammunat Scheme – 1. The company has allotted a total of 1,09,200 unit shares to the general public. The authorized capital of company is Rs 15 crore.  The paid up capital of the company remains at Rs 2.80 crore. After the IPO for the general public, the paid up will reach Rs 4 crore. After this IPO, the promoter-public shareholding ratio of the company will be 70% to 30%. It has also announced 25% bonus shares and 10% cash dividends from the profit it had earned in the FY 2072/73. Also, allotted shareholders of the IPO are entitled to announced dividends. Mahuli Samudayik’s earning per share (EPS) stands at Rs 107.92 and net worth per share is Rs 203.69 as per the Q4 report of FY 2073/74.