The distribution of ordinary shares (IPO) issued by Nashdo Samridha Microfinance Financial Institution Limited to the public from Wednesday, March 29 to Sunday, March 31 has been completed.
After the IPO allotment of the company, the investors who get IPO have become interested in how much opening range the company’s IPO will get. So here we will talk about Sahi.
Nepse is likely to set an opening range from a minimum of Rs 260.84 paisa to a maximum of Rs 782.52 paisa per share for the first trading of the company.
Nepse targets an opening range of up to three times the net worth for each company’s first transaction. The net worth of the organization for the fiscal year 2076/77 is Rs. 260.84 per share. The average net worth is 3 times 782 rupees 52 paise.
The organization had issued 828,750 IPOs at the face value of Rs 100 per share, equivalent to Rs 82.87 million.
Out of which 0.5 percent of the issued capital i.e. 12,750 shares were allotted to the employees, 5 percent or 41,437 shares to the collective investment fund and 774,563 ordinary shares to the general public.
As there were more applications than the demand, the IPOs were distributed through the Gaela system. Till the last day, 25 lakh 27 thousand 101 people had applied for 2 crore 87 lakh 81 thousand 520 lots.
Of these, 4,146 applications were rejected. 25 lakh 22 thousand 955 people were eligible. The lucky 77,456 people have received 10 lots of shares while distributing from Gaela Pratha.
As there are 3 lots of alters, 3 people filling up for 20 lots have got one lot. Global IME Capital Limited has been appointed as the share registrar.