Catching up with Paras Mani Dhakal, CEO of Global IME Capital Ltd; Latest on IPO of Mero Microfinance & Global IME Samunnat Scheme-1 

ShareSansar team met with Parash Mani Dhakal CEO of Global IME Capital Ltd, to discuss the latest updates with Initial Public Offering (IPO) of Mero Microfinance Bittiya Sanstha Ltd. and Global IME Samunnat Scheme-1

Mero Microfinance Bittiya Sanstha Limited is  floating its Initial Public Offering (IPO) of 6,12,000 unit shares worth Rs 6.12 crore from Falgun 27, 2072.The offer is set to close on Chaitra 01, 2072 at the earliest.

Global IME Capital Ltd is the issue manager for both of these public Issues. Here are the responses of Mr. Dhakal on various topics pertaining to these public issues:

 Allotment of Global IME Samunnat Scheme-1 

We have collected Rs 1.83 arba from 5200 applicants throughout the country. Now this public issue has become of Rs 1 arba from Rs 80 crore. We are planning to allot the shares in this IPO within a month from the closing date which is well within the provided legal timeframe. Besides, our team is working diligently complete the allotment process by the end of Falgun 30, 2072 if possible.

IPO of Mero Microfinance Bittiya Sanstha Ltd

Number of Collection counters  

I think we have sufficient collection counters allocated for the IPO of Mero Microfinance Bittiya Sanstha Ltd. We have designated some collections counter only for cheques and some for both cash & cheque. We are confident that this would speed up the submission process eliminating long queues.

Availability of application forms

We have dispatched 1.5 lakhs application forms for this particular IPO. We will be printing more forms after we survey the disbursement of forms on the first day. We have no intention to create an artificial shortage of forms. We will also limit the number of forms an individual can buy to limit mass application by an individual or organization which is also in accordance with SEBON's policy.

Predicted Final Collection

It is too early too predict the final collection amount for this IPO. The maximum limit set for an applicant is Rs 10 lakh. We are expecting 1 lakh applicants in this issue as all the forms disbursed are not submitted. Oversubscribing should not be an issue but it is hard to predict the final collection as people react differently to every public issue.

  Allotment Timeframe

The allotment time frame will depend on the number of applications we will receive for the IPO. Looking at the present context, I think we will do allotment by the legal minimum set by the law.