What is the probability of NASDO prosperous microfinance IPO? Where is the distribution?
About 2.6 million applications have been received for the IPO of Nashdo Prosperous Microfinance Financial Institution. According to Global IME Capital, the manager of share issuance and sale of microfinance, more than three billion shares have been demanded from 25 lakh 99 thousand 598 applications till 5 pm on Sunday.
About 2.6 million applicants have applied for 3,113,700 shares worth Rs 3.11 billion. This is 38.88 times more than the 774,563 lots allotted to the general public.Microfinance has issued 828,750 shares, equivalent to Rs.
Out of that, 0.50 percent or 12,750 shares will be distributed to the employees and 5 percent or 41,437 shares will be reserved for the collective investment fund and the remaining 774,563 shares will be distributed to the public.
As more applications have been received than January, the shares will be distributed at the rate of minimum 10 lots as per the Securities Issuance and Distribution Directive. Accordingly, only 77 thousand 456 people will get shares.The paid up capital of microfinance will reach Rs. 255 million after the issuance of IPO of Rs.