Clean Village IPO oversubscribed by more than 23.61times on first day

ShareSansar June 19:

Clean Village Microfinance Bittiya Sanstha initial public offering (IPO) has been oversubscribed more than 23.61 times on the first day.

According to a NMB Capital official, the total collection on the first day of the IPO has reached Rs 25 crore 78 Lakhs 93 thousand.

Clean Village Microfinance has been  floating its initial public offering (IPO) of 1, 20,000 unit’s shares.

The offer will close on Ashad 7, whereas the maximum closing date for the IPO has been set for Asar 17.

NMB Capital Market Limited has been appointed the issue manager for the IPO.

Interested people must apply for a minimum of 50 units of share and they can apply for up to 1,000 unit of share.

The microfinance has set aside, 4800 unit shares for its employees and 6000 unit shares for the mutual fund. Out of which 1200 unit shares for Nabil balance fund-1, 1200 unit shares for NMB Sulav Investment Fund – 1, 1200 unit shares for  NIBL Sambriddhi Fund – 1, 1200 unit shares for Laxmi Value Fund -1, 800 unit shares for Siddhartha Equity Oriented Scheme 800, and 400 unit shares for Siddhartha Investment Growth Scheme.

The microfinance paid-up capital will rise to Rs 4 crore from the existing Rs 2.80 crore following the IPO.

After the IPO, the promoter-public ratio in the company will be 70% to 30%.

It earned a net profit of Rs 37. 79 lakh in its 2nd quarter of the fiscal year 2071/72.  Its net worth per share stands at Rs 95.49.

Collection Centers