Kathmandu, July 27, 2015
Kisan Microfinance Bittiya Sansatha Limited has allotted its IPO.
From the total 73,600 shares set aside for public, 40% or 29,440 shares were put aside for retail investors and 60% or 44,160 shares under “other investor” category. Retail investors applied for a total of 41,41,670 unit shares and those in the others category demanded 73,07,810 kittas.
Since the allotment took place through lottery, all investors were eligible for a minimum of 10 shares.
Allotment of all applicants from minimum Rs 5,000 to maximum Rs 1,00,000 investors were decided through lottery.
Click here for allotment Module
The shares set aside for retail investors were oversubscribed by 140.68 times and those set aside under other category were oversubscribed by 165.48 times.
Of the total 33,826 Applicant’s only 7,360 investors were allotted the shares.
The microfinance has set aside, 2400 unit shares for its employees. And 4,000 unit shares will be allotted on a pro rata basis to the existing 6 mutual fund companies. 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 microfinance paid-up capital will rise to Rs 2 crore from the existing Rs 1.20 crore following the IPO. It earned a net profit of Rs 25.66 lakh as of 3rd quarter of the fiscal year 2071/72 and has Rs 59.51 lakh in its reserve fund.
Click here for IPO Result
Kisan Microfinance Bittiya Sansatha Limited has allotted its IPO.
From the total 73,600 shares set aside for public, 40% or 29,440 shares were put aside for retail investors and 60% or 44,160 shares under “other investor” category. Retail investors applied for a total of 41,41,670 unit shares and those in the others category demanded 73,07,810 kittas.
Since the allotment took place through lottery, all investors were eligible for a minimum of 10 shares.
Allotment of all applicants from minimum Rs 5,000 to maximum Rs 1,00,000 investors were decided through lottery.
Click here for allotment Module
The shares set aside for retail investors were oversubscribed by 140.68 times and those set aside under other category were oversubscribed by 165.48 times.
Of the total 33,826 Applicant’s only 7,360 investors were allotted the shares.
The microfinance has set aside, 2400 unit shares for its employees. And 4,000 unit shares will be allotted on a pro rata basis to the existing 6 mutual fund companies. 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 microfinance paid-up capital will rise to Rs 2 crore from the existing Rs 1.20 crore following the IPO. It earned a net profit of Rs 25.66 lakh as of 3rd quarter of the fiscal year 2071/72 and has Rs 59.51 lakh in its reserve fund.
Click here for IPO Result
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