Kathmandu. Pre-allotment of IPO of Manakamana Smart Microfinance Financial Institution Limited has been completed on Friday. Sales Manager NMB Capital informed that the pre-allotment was completed on Friday and sent to the regulatory body Nepal Securities Board for approval.

The company had sold 363,492 shares through public issue from July 3 to July 7. A total of Rs. Of the 389,000 IPOs, the company has reserved 6,058 shares at the rate of 0.5 percent for the employees of the company and 19,450 shares at the rate of 5 percent for the collective investment fund.

Till the last day of IPO of the company, 2 million 19 thousand 19 applicants have applied for 261 million 55 thousand 10 lots. Which is 71.95 times more than the demand. The company will distribute the remaining shares to the employees and the collective investment fund through the round of 36,349 people at the rate of 10 lots and the remaining 2 lots will be won by two people at the rate of one lot lot each.

By FY 076/77, Rs. The company, which made a net profit of Rs. 296.76 million, earned Rs. 6.85 and a net worth of Rs. It is 110.84.