Mero Microfinance IPO collected Rs 12.5 arba; Oversubscribed by 204 times from 2.25 lakh applicants in 4 days
Mero Microfinance Bittiya Sanstha Limited had floated its Initial Public Offering (IPO) worth Rs 6.12 crore (6.12 lakh units shares) from Falgun 27, 2072 to till Chaitra 1, 2072. The IPO is oversubscribed by 204.24 times till last day.
As per an official source, “The total collection of the IPO is approximately Rs 12.5 arba till last day. Around 2 lakhs 25 thousand application forms were received. It is only tentative data.Final data is yet to be compiled as more data are pouring in from collection centers. ”
On the very first day, the IPO was oversubscribed by 20 times collecting Rs 1.25 arba then on the second day it collects Rs 2.61 arba with 42 times oversubscription and Rs 5.88 arba on the third day with 97 times oversubscription.
The microfinance company has set aside 24,480 unit shares for its employees and 30,600 unit shares for the existing six mutual fund companies. The mutual fund schemes are Nabil balance fund-1, NMB Sulav Investment Fund – 1, NIBL Sambriddhi Fund – 1, Laxmi Value Fund -1, Siddhartha Equity Oriented Scheme, and Siddhartha Investment Growth Scheme- 1.
Global IME Capital Limited has been appointed as the issue manager for the IPO.
The microfinance company plans to raise Rs 6.12 crore through the offer. After the IPO, the paid up will reach Rs 20 crore from the current Rs 13.88 crore. Its authorized capital stand at Rs 40 crore.
After the IPO, the promoter-public ratio of the company will be 69.40 % to 30. 60%.
MMFB has earned a net profit of Rs. 2.97 crore in the second quarter of the fiscal year 2072/73.Its EPS remains at Rs 42.83 and net worth per share at Rs 152.04.
ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below-average fundamentals to the proposed IPO amounting to NPR 61.20 million of Mero Microfinance Bittiya Sanstha Limited.
source:sharesansar.com,16 March 2016
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As per an official source, “The total collection of the IPO is approximately Rs 12.5 arba till last day. Around 2 lakhs 25 thousand application forms were received. It is only tentative data.Final data is yet to be compiled as more data are pouring in from collection centers. ”
On the very first day, the IPO was oversubscribed by 20 times collecting Rs 1.25 arba then on the second day it collects Rs 2.61 arba with 42 times oversubscription and Rs 5.88 arba on the third day with 97 times oversubscription.
The microfinance company has set aside 24,480 unit shares for its employees and 30,600 unit shares for the existing six mutual fund companies. The mutual fund schemes are Nabil balance fund-1, NMB Sulav Investment Fund – 1, NIBL Sambriddhi Fund – 1, Laxmi Value Fund -1, Siddhartha Equity Oriented Scheme, and Siddhartha Investment Growth Scheme- 1.
Global IME Capital Limited has been appointed as the issue manager for the IPO.
The microfinance company plans to raise Rs 6.12 crore through the offer. After the IPO, the paid up will reach Rs 20 crore from the current Rs 13.88 crore. Its authorized capital stand at Rs 40 crore.
After the IPO, the promoter-public ratio of the company will be 69.40 % to 30. 60%.
MMFB has earned a net profit of Rs. 2.97 crore in the second quarter of the fiscal year 2072/73.Its EPS remains at Rs 42.83 and net worth per share at Rs 152.04.
ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below-average fundamentals to the proposed IPO amounting to NPR 61.20 million of Mero Microfinance Bittiya Sanstha Limited.
source:sharesansar.com,16 March 2016
LINK
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