Mero Microfinance to refund IPO non-allottees from tomorrow; Demat A/C holders to receive shares in respective demat A/C; applicants having A/C in 35 BFIs to get refund in respective A/C

Mero Microfinance Bittiya Sanstha Limited will be refunding excess IPO money collected from investors from Jestha 3, 2073 i.e. tomorrow. It had floated 6.12 lakh unit shares as part of its IPO shares. The non-allotted investors have to visit their respective collection centers with receipt to collect their refund money through account payee cheque. Letter of authorization along with photocopy of identity card of authorized person must be presented if the investors cannot pick up their money themselves. Those shareholders who have provided Demat account in the application form will get their shares on their respective Demat account and those shareholders who have not provided Demat account will have to open Demat account  and send it to meromicrofinance@gmail.com or Global IME Capital Limited. The applicants having an account in BFIs mentioned below will have their money  directly deposited in their respective accounts.   Global IME Capital Limited was the issue manager for the IPO. Mero Microfinance IPO had received total 1,81,562 applicants. Of the total applicants only 40,645 investors got the shares including 7 mutual fund and 155 staffs. Allotment for investors who had applied from Rs 5000 or 50 units to Rs 2,30,000 or 2300 unit shares were decided through  lottery and remaining investors who had applied for Rs 2,40,000 or 2400 units to Rs 10,00,000 and 10,000 units were allotted 0.41% on pro-rata basis 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 company has earned net profit of Rs5.53 crore in the third quarter of current fiscal year 2072/73.