Womi Microfinance to float 1,39,650 unit shares to general public from Ashad 22

ShareSansar June 30:

Dhading based Womi Microfinance Bittiya Sanstha will be floating its IPO of 1,47,000 unit shares from Ashad 22, 2072.

The offer will close on Ashad 25. The maximum closing date for the offer is Shrawan 5, 2072.

Interested people must apply for a minimum of 10 units of share and they can apply for up to 1,000 unit of share.

The microfinance has set aside 4, 410 unit shares for its employees and 7,350 unit shares for the existing 6 mutual fund companies on  pro rata basis. The mutual fund schemes are Nabil balance fund-1, NMB Sulav Investment Fund – 1, NIBL Sambriddhi Fund – 1, and Laxmi Value Fund -1, Siddhartha Equity Oriented Scheme, and Siddhartha Investment Growth Scheme- 1.

The issue manager for the IPO is NMB Capital Limited.

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%.

It earned a net profit of Rs 62.03 lakh in its 2nd quarter of the fiscal year 2071/72. Its net worth per share stands at Rs 116.12 and Earning per share at Rs 26.77.

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