Mirmire Microfinance IPO oversubscribed by 40 times on first day
Fri, Mar 20, 2015 12:00 AM on IPO/FPO News,
ShareSansar. March 20:
Mirmire Microfinance Development Bank had started floating its Initial Public Offering (IPO) from Chaitra 4 which will be last till Chaitra 9.
According to Growmore Merchant Bank official, The IPO is oversubscribed by approx 40 times on the first day. The total collection is approximately 22 crore 32 Lakhs. The final figure is yet to be compiled.
The issue will be managed by Growmore Merchant Banker Limited and the offer will close on Chaitra 9. The maximum closing date has been set for Chaitra 18.
The company has allocated 1,200 units shares for the employees, 3000 for mutual funds and 55,800 units for general public.
Investors are required to invest in a minimum of 50 units and they can apply for a maximum of 1,000 units.
The collection centers details are in the table below:
|
S.No. |
Collection centers |
Phone number |
Contact person |
|
1. |
Growmore Merchant Banker Limited |
01-4222987 |
Sabita Aryal |
|
2. |
Mirmire Microfinance Development Bank Limited head office Banepa, Kavre and the branches are: Kalikasthan, Rasuwa, Bharatpur, Chitwan, Finhara and Nawalparasi |
011-662399 |
Minh Prasad Joshi |
|
3. |
Goodwill Finance Limited, Hattisar, Kathmandu and branches are: Dillibazar, Indrachowk Kathmandu; Kumaripati, lalitpur, Taumadi, Bhaktapur; Itahari, Nepalgunj. Birtamod and Dang |
01-4444039 |
Sudip Manandhar |
|
4. |
Siddhartha Development Bank Limited, Tinkune Kathmandu, the Branches are: Putalisadak, Boudha, Newroad Kathmandu, Butwal, Birgunj, Pokhara and Narayangad. |
01-4488480 |
Rajesh Gaire |
|
5. |
NIBL Capital Markets Limited, Lazimpat, Kathmandu |
01-4005080 |
Amita Dangol |
|
6. |
Safa Bikas Bank, Dhangadi, Kailali |
091-526006 |
Kamala Bajgai |
Mirmire’s paid-up capital will rise to Rs 2 crore from the existing Rs 1.40 crore after the IPO.
The microfinance development bank had earned a profit of Rs 21.64 lakhs as per the financial report for the year 070/071.The company’s EPS stands at Rs 15.45 and net worth per share at Rs 85.95.
