IPO opening day of Clean Village; 1,09,200 unit shares for general public (Opportunity for new investors)

ShareSansar June 18:

Clean Village Microfinance Bittiya Sanstha is 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.

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IPO Analysis of Kisan Micro Finance Bittiya Sanstha Ltd.