IPO of Mahila oversubscribed by 20 times in second day; Last day tomorrow

ShareSansar, June 25:

Mahila Sahayatra Microfinance Bitiya Sanstha Limited has been floating its initial public offering (IPO) of 3, 30,000 units share from Ashad 8 . Today is the third day of IPO. The IPO is oversubscribed by more than 20 times in second day.

As per the official of Nabil Investment Banking, the total collection on  the second day of the  issue was more than Rs.63 crore. Total 15,000 forms were received till now.

Interested people must apply for a minimum of 50 units of share and they can apply for up to 2,000 units of share at the face value of Rs 100.

The microfinance has set aside, 16,500 unit shares for the mutual fund companies. Out of which 2750 unit shares is for Nabil balance fund-1, 917 units share for Siddhartha Investment Growth Scheme, 1,833 units share for Siddhartha Equity Oriented Scheme 2,750 unit shares for NMB Sulav Investment Fund – 1, 2750 unit shares for NIBL Sambriddhi Fund, 2750 units share for the CIT based schemes.

The microfinance paid-up capital will rise to Rs 11 crore from the existing Rs 7.70 crore following the IPO.

It has posted a net profit of Rs 57.95 Lakhs in the 3rd quarter of the fiscal year 2071/72.  It’s projected net worth per share of the Fiscal Year 2071/72 stands at Rs 106.24 and EPS (annualized) at Rs 5.01.

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

ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below-average fundamentals to the proposed Initial Public Offering (IPO) amounting NPR 33million of Mahila Sahayatra Microfinance Bittiya Sanstha Limited.

Click here for details: