Only 36 thousand 349 people will get shares in the IPO of Manakamana Smart Microfinance

Jul Sun 2021 11:15:19

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Only 36 thousand 349 people will get shares in the IPO of Manakamana Smart Microfinance

Kathmandu. The IPO of Manakamana Smart Microfinance Financial Institution Limited will be held on Monday morning. The company has sold 363,492 shares to the public through IPO.

A total of Rs. Of the 389,000 IPOs, the company has distributed 6,058 units at the rate of 0.5 percent to the employees of the company and 19,450 units at the rate of 5 percent to the collective investment fund.

The final distribution of the IPO, which was sold through a public offering, is set to take place on Monday. The lucky 36 thousand 349 people will get the IPO of the company which has received 72 times more applications than the demand at the rate of 10 lots while the remaining 2 lots will be given to 2 more of these applicants at the rate of one lot.