IPO Distribution of Rastra Utthan Microfinance

Feb Fri 2022 02:12:54

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IPO Distribution of Rastra Utthan Microfinance

Kathmandu. The IPO of Rashtra Utthan Microfinance Financial Institution Limited has been allotted on Thursday. Sales Manager NIBL ​​S Capital has distributed shares to 79,450 applicants at the rate of 10 lots through round robin.

According to the sales manager, 2,585,261 people had applied for the company's IPO. Of these, 5,859 applications were canceled due to non-compliance, said the sales manager. Eligible 25 lakh 79 thousand 402 applicants were made to participate in the distribution program.

The authorized capital of this company is Rs. 500 million while the issued capital is Rs. 260 million. Currently Rs. The company, which has a paid-up capital of Rs 175 million, will reach Rs 260 million after the IPO. According to the actual financial statements of the company up to the fiscal year 2077/78, the earnings per share of the company was Rs. 26.92 while the net worth per share is Rs. 167.43. In the secondary market, the price of the first transaction is determined on the basis of the actual net worth per share, so the company has to pay a minimum of Rs. 167.43 to a maximum of Rs. Will get price range up to 502.29.