Mirmire Microfinance IPO oversubscribed 220 times

ShareSansar, March 25:

The initial public offer of Mirmire Microfinance Development Bank Limited has been oversubscribed by 220 times, according to an official with the issue manager Growmore Merchant Bank Limited.

As per the official, the total collection is approximately Rs 1 arba 32 crore. Although the final figure is yet to be compiled, the official said, more than 70,000 forms have been collected.

Mirmire Microfinance Development Bank had started floating its Initial Public Offering (IPO) from Chaitra 4 till Chaitra 9.

The company had allocated 1,200 units shares for the employees, 3000 for mutual funds and 55,800 units for general public.