RMDC IPO 3rd day collection crosses Rs 30 crore (Today is the closing day)

ShareSansar, July 15

In a sign of investors slowly warming up to the Rural and Microfinance Development Centre IPO, collection crossed over Rs 30 crore on a single day sale on Sunday.

That brings the total collection to around Rs 50 crore. On Friday, the second day of the IPO issue, collection had reached Rs 20 crore,

The company has floated 1,560,000 units shares beginning Asar 13.

RMDC has issued 1,528,800 equity shares of face value NRs 100 each with a premium of NRs 80 per share for the general public and 31,200 equity shares of NRs 100 each for its employees, which is 2% of the overall issue.

Likewise, the company has set aside 78,000 general shares, from the issued equity shares to general public, for mutual funds, with 26,000 units each allotted to Siddhartha Growth Scheme-1, Nabil Balance Fund-1 and Citizen Investment Trust Scheme.

Ace Capital Limited is the issue manager for this IPO.

IPO ANALYSIS: CLICK HERE

CLOSING DAY NOTICE: CLICK HERE