Namaste IPO oversubscribed three times

ShareSansar, June 14:

Namaste Bittiya Sanstha’s IPO has been oversubscribed nearly three times. The finance company had floated 100,000 units shares on June 7.

Namaste’s paid up capital will increase to Rs 2.5 crore after the IPO. As per the company’s audited financial report for FY 2068/69, its net worth stands at Rs 162.12 and its EPS is Rs 21.53.
 
There is a strong chance of the company proposing a good number of bonus shares for its shareholders from the profit made this fiscal year. Namaste Finance is established under a special provision made by Nepal Rastra Bank with its operations limited to Dang district only.