Womi Microfinance Bittiya Sanstha IPO allotment - View Online IPO Results

Dhading based--Womi Microfinance Bittiya Sanstha Limited has concluded its IPO allotment yesterday at 9:00 AM at the premises of its issue manager NMB Capital Limited at Babar-Mahal, Kathmandu.

Womi Microfinance had floated 1, 47,000 units share as part of its initial public offering (IPO). The offer closed on Ashad 25, 2072.

Of the total 135,240 shares set aside for the general public; 40 % or 54,096 kitta shares were put aside for retail investors and 60 % or 81,144 shares under “other investor” category.  Retail investors applied for a total of 65, 35,060 kitta shares and those in the others category demanded 1, 10, 67,500 kittas.

Since the allotment took place through lottery, all allottee were eligible for a minimum of 10 unit shares.

Given the high number of applicants, allocation on pro rata basis was not possible so the allotment was made through lottery system. Allotment of all applicants from minimum Rs 1,000 to maximum Rs 1,00,000 amount investors were decided through lottery.

Of the total 55,700 applicants only 13,598 investors got the shares.

There were only 77 invalid applicants. Altogether 68 staffs were allotted 4, 410 units and six mutual fund schemes were given 7,350 unit shares.

The microfinance has set aside 4,410 unit shares for its employees and 7,350 unit shares for the existing 6 mutual fund companies on pro rata basis. The mutual fund schemes are Nabil Balance fund-1, NMB Sulav Investment Fund – 1, NIBL Sambriddhi Fund – 1, Laxmi Value Fund -1, Siddhartha Equity Oriented Scheme, and Siddhartha Investment Growth Scheme- 1.

The microfinance company plans to raise Rs 1.47 crore through the offer. After the IPO, the paid up will reach Rs 3 crore from the current Rs 1.53 crore.

After the IPO, the promoter-public ratio in the company will be 51% to 49%. - SSN


CLICK TO VIEW ONLINE IPO RESULTS OF Womi Microfinance Bittiya Sanstha Limited

IPO Allotment of Ekata Bikas Bank - View Online Results

Allotment of the Initial Public Offering (IPO) of Ekata Bikas Bank has taken place this morning at the office of NMB Capital, which is the issue manager of the development bank.

As per the official, the IPO has been allotted proportionately at 6.5334 percent, and those who had applied between 50 and 140 units of the primary shares were placed under lottery.

The IPO worth Rs 8 crore floated by the development bank on June 4 was oversubscribed by 15.306 percent by the time the issue closed on June 9.

Among the total 8 lakh issued units, 24,000 units had been set aside for the bank staff, another 40,000 for the mutual funds and the remaining units were floated for the general public.

Nagbeli Laghubitta Bikas Bank IPO allotment results - View Online

Allotment of the Initial Public Offering (IPO) of 42,900 unit equity shares floated by Nagbeli Laghubitta Bikas Bank Limted,  has taken place today.

As per the allotment model developed by the issue manager, NMB Capital Limited, those who applied up to 4,210 units have been placed under the lottery.


It is interesting to note that the minimum allotted units per group is 10 units and the maximum allotted units for any group is 11 units.

The allotment model was designed in that manner since the IPO was oversubscribed 341.65 percent, and the allotment percentage up to 500 units was 0.569 percent, and from 510 to 4210 units is 0.221 percent and from 4300 to 5000 units is 0.23 percent.

"As we had to ensure that each of the groups get at least 10 units of share, we prepared the model accordingly" according to NMB officials. "Otherwise, none of the smaller investors would have got any shares." -SSN

 CLICK HERE TO VIEW ONLINE IPO RESULTS OF NAGBELI LAGHUBITTA

Nagbeli Laghubitta Bikas Bank allotment only next week

Allotment of the Initial Public Offering (IPO) of 42,900 unit equity shares floated by Nagbeli Laghubitta Bikas Bank Limted, in December will take place only next week, most probably on January 12, according to the issue manager NMB Capital Limited.

With this, the investors, who were hoping to get the refund from Nagbeli to apply for the IPO of Century Commercial Bank Limited to be opened on January 9, will have to make alternative arrangement to apply for the IPO.

NMB Bank distributing 10% cash dividend warrants from Jan 1

NMB Bank Limited is distributing cash dividend warrants to its shareholders from today.The dividend warrants can be collected from the bank’s RTS NMB Capital at Babarmahal from 10:00 AM to 2:30 PM from Sunday through Thursday and from 10:00 AM to 1:00 PM on Friday.

The commercial bank last month had proposed 15 percent cash dividend to its shareholders from the net profit it posted in the last fiscal year 2069/70.But the central bank did not endorse the proposed dividend and asked NMB not to include the profit of its subsidiary, NMB Capital Limited and to provision that amount.

NMB Bank Limited to give only 10% dividend

NMB Bank Limited could endorse only ten percent dividend to the shareholders during its AGM yesterday though it had pledged 15 percent cash dividend from the net profit it bank earned in the last fiscal year 2069/70.

NMB could not pledge 15 percent dividend after the central bank asked the commercial bank not to include Rs 10 crore invested in NMC Capital Limited, a subsidiary of the bank, and to keep that sum aside in an investment adjustment fund.

Nagbeli Laghubitta Bikas Bank IPO public issue oversubscribed by more than 200 times & creates history in Nepal

Breaking all the records of the past, the Initial Public Offering (IPO) of 42,900 unit equity shares of Rs 100 face value floated by Nagbeli Laghubitta Bikas Bank Limted, which closed on Wednesday, has attracted around Rs 1 arba.

NMB Capital, the issue manager, said that they had received more than Rs 60 crore on the closing day alone, besides more than Rs 30 crore on the initial days.

Nagbeli IPO closes; draws over Rs 25 crore in 3 days

The Initial Public Offer (IPO) of 42,900 unit equity shares of Rs 100 face value floated by Nagbeli Laghubitta Bikas Bank Limted from December 8 has closed today. Though the applications are still being compiled, the IPO is likely to oversubscribed by around 150  times, according to concerned officials.

“In the first three days the IPO has drawn Rs 25 crore,” says an official with NMB Capital Market Limited, the issue manager of the microfinance development bank. “As most of the institutional investors have applied today, we expect the IPO to attract more money today then the previous days combined.”

Nagbeli Laghubitta Bikas Bank IPO oversubscribed by over 19 times in just 2 days; Cosmos Dev Bank may see 4 times oversubscription

Nagbeli Laghubitta Bikas Bank Limted, which has floated the Initial Public Offer (IPO) of 42,900 unit equity shares of Rs 100 face value from December 8, is already oversubscribed by more than 19 times.

“In the first two days alone the IPO has drawn Rs 8.3 crore,” says an official with NMB Capital Market Limited, the issue manager of the microfinance development bank. “It is likely to be oversubscribed by around 150 times if the trend continues.”

Nagbeli Laghubitta Bikas Bank issues IPO public shares

Nagbeli Laghubitta Bikas Bank Limted is floating the Initial Public Offer (IPO) of 42,900 unit equity shares of Rs 100 face value from today.

The microfinance bank has appointed NMB Capital Market Limited as its issue managers.

Altogether 858 units have been set aside for the bank’s staff and 2,145 units to the mutual funds and the rest to the general public.

Nagbeli Laghubitta Bikas Bank IPO public share issue on Dec 8, 2013

Nagbeli Laghubitta Bikas Bank Limted is floating the Initial Public Offer (IPO) of 42,900 unit equity shares of face value Rs 100 from December 8.

The microfinance bank has appointed NMB Capital Market Limited as its issue managers.

Altogether 858 units have been set aside for the bank’s staff and 2,145 units to the mutual funds and the rest to the general public.

Sanima Mai Hydropower & Kalika Micro credit IPO allotment slips and cash refund from Nov 10.

Sanima Mai Hydropower Company Limited  and Kalika Micro Credit Development Bank Limited are distributing the allotment slip of their IPOs to the allottees and cash refund to those do did not get the scrip from Nov 10.

Siddhartha Insurance issuing rights shares at 10:9 ratio

Siddhartha Insurance Limited is issuing 11 lakh units of rights shares at 10:9 ratio from December 1.

The rights share issue will close on January 5 next year, according to the insurance company.

Guras Life Insurance issuing rights shares @ 10:3.04 ratio

Guras Life Insurance Company Limited is issuing 11.66 lakh unit rights shares at 10:3.04 ratio.

The closing date of rights issue is on December 5, and the issue manager is NMB Capital Limited, Babar Mahal.

Kalika Micro Credit IPO results; shares allotted flatly at 1.647 percent

The allotment of IPO equity shares of Kalika Micro Credit Development Bank Limited has taken place today.

As 56.02 percent of the applicants were from the small group, the allotment was made flatly at 1.647 percent, and the applications for up to 550 units were put to lottery.

IPO public shares result of Sanima Mai Hydropower Ltd & Kalika Micro Credit Dev. Bank Ltd on Friday

The allotment of IPO equity shares of Kalika Micro Credit Development Bank Limited and Sanima Mai Hydropower Limited will take place this week.

Kalika & Sanima Mai Hydro IPO public share allotment result before Tihar

The allotment of IPO equity shares of Kalika Micro Credit Development Bank Limited and Sanima Mai Hydropower Limited will take place before Tihar.

Issue manager of Kalika Micro Credit, NMB Capital Limited and the issue manager of Samina Mai Hydropower told today.

Naya Nepal Lagubitta IPO closes today, oversubscribed by more than 16 times by day 3

The Initial Public Offering (IPO) of Naya Nepal Lagubitta Bikash Bank is closing today. It has already been oversubscribed by more than 16 times by the first three days of its issuance, according to NMB Capital, which is managing the IPO issue.

The microfinance development bank had floated 60,000 unit equity shares of face value Rs 100 each on October 3.

Naya Nepal Lagubitta IPO oversubscribed by more than 2 times on the first day

The Initial Public Offering (IPO) of Naya Nepal Lagubitta Bikash Bank was oversubscribed by more than two times in the first day of its issuance.

The microfinance development bank had floated 60,000 unit equity shares of face value Rs 100 each on October 3.

IPO shares issue of Naya Nepal Lagubitta Bikash Bank from October 3 to 7, 2013.

Naya Nepal Lagubitta Bikash Bank is opening its Initial Public Offering (IPO) from October 3.

As per the offer letter of the microfinance development bank, it has floated 60,000 unit equity shares of face value Rs 100 each.
NMB Capital is managing the IPO issue, which closes on October 7, but could be extended up to October 17.