Last day of Mirmire Microfinance IPO; oversubscribed by 129 times
Mon, Mar 23, 2015 12:00 AM on IPO/FPO News,
ShareSansar March 23:
Mirmire Microfinance Development Bank Limited has been floating its IPO since Chaitra 4, 2071 and today is the last day of IPO. It has floated a total of 60,000 units of ordinary shares at face value of Rs 100.
According to Growmore Merchant Banker official, The IPO is oversubscribed by 129 times till today 9 AM. The total collection is 77.37 crore. Mirmire IPO has collected more than 37,828 forms. The final figure is yet to be compiled.
The investors are required to invest in a minimum of 50 units and allowed to apply for a maximum of 1,000 units.
The issue will be managed by Growmore Merchant Banker Limited.
The Microfinance development bank’s paid-up capital will rise to Rs 2 crore from the existing Rs 1.40 crore following the IPO.
The Microfinance development bank limited had a profit of Rs 21.64 lakhs as per the financial report of the year 070/071 and which is expected to be 58. 91 lakhs by the end of the year 071/072.
The company EPS stands at Rs 15.45 and net worth per share is Rs 85.95 as per the financial report of the year 170/071.
