5,00,000 units shares of Reliable Microfinance listed in NEPSE

5,00,000 units Shares of Reliable Microfinance Bittiya Sanstha Ltd. has been listed which will be tradable through public window from Mangsir 16, 2072. Lamjung based Reliable Microfinance Bittiya Sanstha Limited had floated its Initial Public Offering of 1,50,000 unit shares from Ashad 22 to Ashad 25, 2072. The allotment of shares of Reliable Microfinance took place through lottery and all allottee were eligible for a minimum of 10 unit shares. Given the high number of applicants, allocation on pro rata basis was not possible so the allotment was made through lottery system. Allotment of all applicants from minimum Rs 5,000 to maximum Rs 1,00,000 amount investors were decided through lottery. The microfinance company had raised Rs 1.50 crore through the IPO offer. After the IPO, the paid up had reached Rs 5 crore. After the IPO, the promoter-public ratio in the company stands at 70% to 30%.