August 9, 2022, Tuesday

Manushi Microfinance IPO Distribution: More than 2.3 million applicants empty handed

Manushi Microfinance IPO Distribution: More than 2.3 million applicants empty handed

Manushi Microfinance has distributed initial public offering (IPO) of securities. On Monday morning, sales manager Nepal SVI Merchant Banking and Finance distributed the IPO of microfinance.

A total of 2.354 million 784 people had applied for the IPO of microfinance. The company has stated that a total of 36,859 people have acquired shares through the round. Out of them, more than 2.324 million applicants have lost their hands.

The organization had issued 3,93,750 IPOs at the rate of Rs. Out of which 5 thousand 469 shares have been reserved for employees and 5 percent or 19 thousand 688 shares have been reserved for collective investment funds while the remaining 3 lakh 68 thousand 593 shares have been allotted for the general public.

The results can also be viewed at https://iporesult.cdsc.com.np/, a website created by Manushi Microfinance and CDS & Clearing to view IPO results.