National Microfinance to refund IPO non-allottees from Ashwin 13; applicants having A/C in 8 BFIs to get refund in respective A/C

National Microfinance Bittiya Sanstha Limited will be refunding excess money collected from investors from Ashwin 13, 2073. It had floated 3 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 collect their money themselves. Applicants who had provided their account number of Nepal Investment Bank Limited, NIC Asia Bank Limited, Prabhu Bank Limited, Ace Development Bank Limited, Apex Development Bank Limited, Goodwill Finance Limited, Guheswori Merchant Banking and Finance Limited and ICFC Finance Limited will get their refund money directly deposited in their respective accounts. NIBL Capital Limited was the issue manager for the IPO. Allotment for investors who had applied from Rs 5,000 or 50 units to Rs 4, 80,000 or 4,800 units shares was decided through lottery and investors who had applied for Rs 4,81,000 or 4,810 units to Rs 10,00,000 or 10,000 units get 0.20% flat. Of the total 157,425 applicants only 24,040 investors got the shares including 7 mutual fund and 123 staffs. There were no invalid applicants. After the IPO, the paid up will reach Rs 10 crore from the current Rs 7 crore. It’s authorized capital stand at Rs 50 crore. After the IPO, the promoter-public ratio of the company will be 70 % to 30%.