Manushi Laghubitta Bittiya Sanstha Limited is also the next IPO in Nepal after Sanima Life Insurance Company. It is a new IPO in Nepal opening in the month of August 11, 2021.
Manushi Laghubitta Bittiya Sanstha Ltd. IPO Result
Manushi Laghubitta Bittiya Sanstha Limited has published its IPO allotment result today on August 19 (Bhadra 03). The officials of the issue manager have declared the IPO result will be published on Monday.
The result can be checked from the following websites and using the following methods.
Now, the result is going to be published on 07 Bhadra (Monday). Among the total applied subscribers only 36, 869 units of shares will be distributed per 10 units. More than 23 lakh subscribers will be empty-handed.
The price of this IPO will be high seeing the price of Jeevan Bikash Laghubitta. The units of shares are less distributed to the subscribers. The chances of cornering might hike up the price of the share.
The issue manager of Manushi Laaghubitta Sanstha IPO is Nepal SBI Merchant Banking. This IPO was open frrom Shrawan 27 to Shrawan 31 of 2078.
It has opened IPO for Manushi Laghubitta has issued 3,93,750 shares equal to Rs 39.37 million, which is 36 per cent of the issued capital. The number of units for the general public are 5,68,593.
IPO Details with date:
Similarly, Manushi Laghubitta is another Microfinance company issuing its IPO in the month of Shrawan. It is opening its IPO from Shrawan 27 and closing on Shrawan 31.
|S.N||Manushi Laghubitta Bittiya Sanstha Limited||Details|
|2||Issue Manager||Nepal SBI Merchant Bank|
|3||Open IPO Date||27 Shrawan 2078|
|4||Close IPO Date||31 Shrawan 2078|
|5||Late Close IPO Date||2 Bhadra 2078|
|6||No of Units||3,93,750 (3.93 Lakhs)|
|7||Suitable to Apply (units shares)||10 shares|
|8||For general public||3,68,593 (3.93 Lakhs)|
|10||Price per Unit||Rs 100|
|11||Mutual Fund (shares)||19,688 shares|
|12||Rating by ICRANP-IR||Grade 4+ (Below Average)|
|13||Maximum units (Kitta)||1000 units|
Manushi Laghubitta IPO after 2 days of Issue
About 1.3 million applicants have applied for the IPO launched by Manushi Microfinance Financial Institution since Wednesday.
As per the information given by the sales manager SBI Merchant Banking, 1,347,808 applicants have applied for the purchase of 1,77,70,030 shares in the company’s IPO till Thursday evening. This is 48.21 times more than the shares sold by the company.
Out of this, 0.5 per cent or 5 thousand 469 shares will be reserved for the employees and 5 per cent or 19 thousand 688 shares will be reserved for the collective investment fund and the general public will be able to apply for the remaining 368 thousand 593 shares.
The authorized capital of microfinance is Rs. 200 million, the issued capital is Rs. 100 million and paid-up capital is Rs. 70 million.
The paid-up capital of microfinance will reach Rs. 109.37 million after the IPO of Rs.
How to Apply?
In the IPO of microfinance, applications can be made for a minimum of 10 lots at the rate of Rs. 100 per share and for a maximum of Rs.
Applications for the IPO of the company can also be made through ASBA member banks and financial institutions licensed by the Nepal Securities Board and through the web and app of My Share. Applications can be submitted for the IPO of microfinance from July 12 to July 13.