Reliable & Womi Microfinance to distribute IPO share certificates from today

Reliable Microfinance Bittiya Sanstha Limited and Womi Microfinance Bittiya Sanstha Limited are distributing IPO share certificate to its shareholders from today, Ashwin 22, 2072. As per the notice published by the microfinance today, the investors to whom the shares have been allotted can collect their share certificate from the collection center where they had submitted their IPO forms. Furthermore, the allotment advice along with identity card of the investor is mandatory to collect the share certificate. Reliable microfinance had opened its Initial Public Offering of 1, 50,000 unit shares. The allotment of the company’s IPO was held on Bhadra 2, 2072. The allotment took place through lottery, all allottee were eligible for a minimum of 10 unit shares. All the investors who had applied for Rs 5,000 or 50 units to Rs 1,00,000 or 1,000 units shares was decided through lottery. After the IPO, the paid up will reach Rs 5 crore from the current Rs 3.50 crore. After the IPO, the promoter-public ratio in the company will be 70% to 30%. Similarly, Womi Microfinance had opened its Initial Public Offering of 1, 47,000 unit shares. The allotment of the company’s IPO was held on Bhadra 2, 2072. The allotment took place through lottery, all allottee were eligible for a minimum of 10 unit shares. Allotment of all applicants from minimum Rs 1,000 to maximum Rs 1,00,000 amount investors were decided through lottery. The microfinance company plans to raise Rs 1.47 crore through the offer. After the IPO, the paid up will reach Rs 3 crore from the current Rs 1.53 crore. After the IPO, the promoter-public ratio in the company will be 51% to 49%.