Exclusive Study of total tradable shares of Mero Microfinance corresponding to different price levels in NEPSE
Wed, Aug 23, 2017 6:50 AM on Latest, Exclusive, Featured, Company Analysis,
Mero Microfinance Bittiya Sanstha Ltd. (MERO) is the joint initiative of 10 institutions (8 commercial banks and 2 development banks, owning a total of 1,526,800 units i.e. 69.40% of promoter shares. The details of the promoters and the number of shares they hold are shown in the table below:
Mero Microfinance received the operating license from Nepal Rastra Bank on 14th July 2013 and started formal microfinance operation from June 18 July, 2013 from its first branch office Battar located in Nuwakot district. The authorized capital of Mero Microfinance is NRs. 400 million, issued capital is NRs. 220 million and paid up capital is 220 million.
Mero had floated its Initial Public Offering (IPO) worth Rs 6.12 crore (6.12 lakh units shares) from Falgun 27, 2072 to till Chaitra 1, 2072.
Global IME Capital Limited was appointed as the issue manager for the IPO. Of the total 5,56,920 unit shares set aside for public, it was oversubscribed by 204 times then.
In total 1,81,562 applicants, only 40,645 investors got the shares including 7 mutual fund and 155 staff members of the company. After the IPO, the promoter-public ratio of the company stood as 69.40 % to 30. 60%.
In total, there are 6,46,272 units tradable shares of Mero Microfinance in Nepse, after adjusting 10% bonus shares it disbursed on 2073/74 FY. Total 26,928 ordinary shares are locked in status till 11 May, 2019 which is held by the staff member of the company.
As per the published report of Asad end, different mutual funds hold 20,320 units of MERO scrip. Financial report of Shrawan month will give the clear picture of mutual fund holding of this scrip.
The total tradable ordinary share of MERO in NEPSE is 646,272 units. This scrip is seen in bullish trend from starting of its trading in NEPSE. The impact of a recent decrease in NEPSE could be seen in the share price of MERO as well. However, the decrease could be seen as a slight correction in the price of MERO.
Till 22 August, 2017 the total turnover of MERO shares stands at Rs. 37.55 crores, while the total traded shares stand at 151,255 units with total transactions of 6,694 in NEPSE.
The last traded price of MERO as on 23 August stands Rs.2355 per scrip.
Below graph depicts the total shares traded at a different price range of MERO in NEPSE:
From the above graph, we can see that out of the total 151,255 units tradable shares of MERO almost more than 90% has been trading above Rs. 2000. More than 100 thousand units of MERO have been traded between the price ranges of Rs 2000 to Rs 3085 price levels.
Based on the total traded shares, Broker no. 40 (Creative Securities) is the top buyer broker of MERO shares with the quantity of 10,505 units of shares, so far, followed by broker no. 56 (Shree Hari Securities Pvt Ltd) and broker no 45 (Imperial Securities) each bought 9,910 and 7,268 unit shares respectively.
Similarly, broker no. 34 (Vision Securities Pvt Limited) is the top seller of MERO shares with total traded shares of 8,016 units followed by broker no. 16 (Primo Securities) and broker no. 33 (Dakshinkali Investment Securities Pvt Limited) each with 6,155 and 6,118 units of shares.
Based on the turnover, broker no. 56 (Shree Hari Securities Pvt Limited) is the top buyer broker based on turnover, while broker no. 34 (Vision Securities Pvt Ltd) is the top seller broker with the turnover worth of Rs. 20.59 crores.
Mero has posted profit growth of 22.75 percent in the fourth quarter (Q4) of the last fiscal year 2073/74. The microfinance company stated that its net profit rose to Rs 9.28 crore in the current fiscal year 2073/74, up from Rs 7.56 crore in the corresponding period of the previous fiscal year 2072/73. Its non-performing loan (NPL) has increased to 0.98% in Q4 from 1.82% in the previous year report.MERO’s annualized earning per share (EPS) stands at Rs 42.19, net worth per share at Rs 177.14 and the P/E ratio at 52.24 times.
The major highlights of MERO as on 4th Quarter for the FY 2073/74 is as:
MERO has proposed 12.105% cash dividend and 30% bonus shares in the FY 2073/74. Prior to that in the FY 2072/73, MERO had distributed 10% bonus shares and 10% cash dividend to its shareholders.
MERO MICROFINANCE has been incorporated under Company Act, 2063 and registered as a 'D' class national level financial institution with the Nepal Rastra Bank under BAFI Act, 2063 (2006) on 30 Asadh, 2070 (14 July, 2013).
Mero had floated its Initial Public Offering (IPO) worth Rs 6.12 crore (6.12 lakh units shares) from Falgun 27, 2072 to till Chaitra 1, 2072.
Global IME Capital Limited was appointed as the issue manager for the IPO. Of the total 5,56,920 unit shares set aside for public, it was oversubscribed by 204 times then.
In total 1,81,562 applicants, only 40,645 investors got the shares including 7 mutual fund and 155 staff members of the company. After the IPO, the promoter-public ratio of the company stood as 69.40 % to 30. 60%.
In total, there are 6,46,272 units tradable shares of Mero Microfinance in Nepse, after adjusting 10% bonus shares it disbursed on 2073/74 FY. Total 26,928 ordinary shares are locked in status till 11 May, 2019 which is held by the staff member of the company.
As per the published report of Asad end, different mutual funds hold 20,320 units of MERO scrip. Financial report of Shrawan month will give the clear picture of mutual fund holding of this scrip.
The total tradable ordinary share of MERO in NEPSE is 646,272 units. This scrip is seen in bullish trend from starting of its trading in NEPSE. The impact of a recent decrease in NEPSE could be seen in the share price of MERO as well. However, the decrease could be seen as a slight correction in the price of MERO.
Till 22 August, 2017 the total turnover of MERO shares stands at Rs. 37.55 crores, while the total traded shares stand at 151,255 units with total transactions of 6,694 in NEPSE.
The last traded price of MERO as on 23 August stands Rs.2355 per scrip.
Below graph depicts the total shares traded at a different price range of MERO in NEPSE:
From the above graph, we can see that out of the total 151,255 units tradable shares of MERO almost more than 90% has been trading above Rs. 2000. More than 100 thousand units of MERO have been traded between the price ranges of Rs 2000 to Rs 3085 price levels.
Based on the total traded shares, Broker no. 40 (Creative Securities) is the top buyer broker of MERO shares with the quantity of 10,505 units of shares, so far, followed by broker no. 56 (Shree Hari Securities Pvt Ltd) and broker no 45 (Imperial Securities) each bought 9,910 and 7,268 unit shares respectively.
Similarly, broker no. 34 (Vision Securities Pvt Limited) is the top seller of MERO shares with total traded shares of 8,016 units followed by broker no. 16 (Primo Securities) and broker no. 33 (Dakshinkali Investment Securities Pvt Limited) each with 6,155 and 6,118 units of shares.
Based on the turnover, broker no. 56 (Shree Hari Securities Pvt Limited) is the top buyer broker based on turnover, while broker no. 34 (Vision Securities Pvt Ltd) is the top seller broker with the turnover worth of Rs. 20.59 crores.
Mero has posted profit growth of 22.75 percent in the fourth quarter (Q4) of the last fiscal year 2073/74. The microfinance company stated that its net profit rose to Rs 9.28 crore in the current fiscal year 2073/74, up from Rs 7.56 crore in the corresponding period of the previous fiscal year 2072/73. Its non-performing loan (NPL) has increased to 0.98% in Q4 from 1.82% in the previous year report.MERO’s annualized earning per share (EPS) stands at Rs 42.19, net worth per share at Rs 177.14 and the P/E ratio at 52.24 times.
The major highlights of MERO as on 4th Quarter for the FY 2073/74 is as:
MERO has proposed 12.105% cash dividend and 30% bonus shares in the FY 2073/74. Prior to that in the FY 2072/73, MERO had distributed 10% bonus shares and 10% cash dividend to its shareholders.
MERO MICROFINANCE has been incorporated under Company Act, 2063 and registered as a 'D' class national level financial institution with the Nepal Rastra Bank under BAFI Act, 2063 (2006) on 30 Asadh, 2070 (14 July, 2013).
