Mero Microfinance profit rises by staggering 96.90%, EPS at Rs 49.18; Allotment of IPO shares by the end of Baisakh
Fri, Apr 29, 2016 11:13 AM on Latest, IPO/FPO News, Financial Analysis, Featured, Stock Market,
Mero Microfinance Bittiya Sanstha Limited (MMFB) has reported 96.90% growth in net profit for the third quarter of the current fiscal year 2072/73.
Publishing the unaudited financial report for the third quarter today, the microfinance company has stated that its net profit rose to Rs 5.53 crore in Q3, up from Rs 2.80 crore reported in the corresponding quarter of the previous fiscal year 2071/72.
The microfinance has borrowings of Rs 1.39 arba in the 3rd quarter compared to Rs 87 crore in the corresponding quarter last year. Likewise, it extended loans of Rs 1.27 arba, up from Rs 98.95 crore. It has collected deposits of Rs 21.20 crore.
The micro finance has paid up capital of Rs 14.18 crore with reserve of Rs 9.78 crore in Q3.
Mero Microfinance net interest income has risen from Rs 8.04 crore in the corresponding quarter last year to Rs 17.17 crore in the current quarter of 2072/73.
The company’s non- performing loan (NPL) stand at 0.98%. Its annualized earning per share (EPS) now stand at Rs 49.18, and net worth per share at Rs 168.96.
Mero Microfinance 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. The IPO was oversubscribed by 194.28 times till last day.
Mr. Ram Hari Dahal, CEO of Mero Microfiannce Bittya Sanstha Limited said “The allotment of the IPO will take place by the end of Baisakh 2073.”
Global IME Capital Limited has been appointed as the issue manager for the IPO.
The microfinance company plans to raise Rs 6.12 crore through the offer. After the IPO, the promoter-public ratio of the company will be 69.40 % to 30. 60%.
The microfinance has borrowings of Rs 1.39 arba in the 3rd quarter compared to Rs 87 crore in the corresponding quarter last year. Likewise, it extended loans of Rs 1.27 arba, up from Rs 98.95 crore. It has collected deposits of Rs 21.20 crore.
The micro finance has paid up capital of Rs 14.18 crore with reserve of Rs 9.78 crore in Q3.
Mero Microfinance net interest income has risen from Rs 8.04 crore in the corresponding quarter last year to Rs 17.17 crore in the current quarter of 2072/73.
The company’s non- performing loan (NPL) stand at 0.98%. Its annualized earning per share (EPS) now stand at Rs 49.18, and net worth per share at Rs 168.96.
Mero Microfinance 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. The IPO was oversubscribed by 194.28 times till last day.
Mr. Ram Hari Dahal, CEO of Mero Microfiannce Bittya Sanstha Limited said “The allotment of the IPO will take place by the end of Baisakh 2073.”
Global IME Capital Limited has been appointed as the issue manager for the IPO.
The microfinance company plans to raise Rs 6.12 crore through the offer. After the IPO, the promoter-public ratio of the company will be 69.40 % to 30. 60%.
