Mahila Laghubitta's IPO to be listed this week, what will be the opening range?

 

The ordinary shares (IPO) of Mahila Microfinance Financial Institution Limited will be listed on the Nepal Stock Exchange (NEPSE) within this week.

Mahila Microfinance Financial Institution Limited, which is currently in the process of IPO listing, has given information. According to the sales manager, Nepal SBI Merchant Banking Limited, the IPO will be credited to the investor's account today or tomorrow. It is said that preparations are being made to start trading from next year by listing in Nepse by Friday. The sales manager said that the listing process may be affected due to the two-day public holiday this week.

Nepse is likely to set a minimum opening range of Rs 313.16 per share and a maximum of Rs 939.48 per share for the first microfinance transaction. Nepse targets an opening range of up to three times the net worth for each company's first transaction.

According to the statement published in Seben, the net worth of Mahila Microfinance Financial Institution Limited for the fiscal year 2076/77 is Rs. 313.16 per share. The average net worth is 3 times 939 rupees 48 paise.

The organization has issued and sold 4 lakh ordinary shares (IPO) worth Rs 4 crore at a face value of Rs 100 per share from Friday, January 12 to March 15. Out of which 0.5 percent or 5,000 shares of the issued capital was allotted to the employees, 5 percent or 20,000 shares were allotted to the collective investment fund and 375,000 ordinary shares were allotted to the general public. In the company's IPO, 1,540,048 applicants had applied for 2,34,333,770 lots worth Rs 2.34 billion. Only 37,500 applicants got their hands in the distribution at the rate of 10 lots, while the remaining 1,52,548 or 97.5 percent were left empty-handed.