There is good news for IPO applicants. Manakamana Smart Laghubitta is issuing 363,492 Kitta IPO shares to the general public. The company is going to issue IPO from July 1 (असार १७) for the general public.
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The company will issue 389,000 kitta IPO shares at a face value of Rs 100, equivalent to Rs 38.9 million. Out of this, 6,058 kitta have been allotted to employees and 19,450 kitta to collective investment funds. Similarly, the remaining 363,492 shares will be sold to the public.
Manakamana Smart Laghubitta ( Microfinance ) has to issue 32.11% of its total capital in an IPO. The general public will be able to apply for 363,492 Kitta IPO shares.
How much IPO to apply
Investors can apply for a minimum of 10 kitta and a maximum of 1,000 kitta shares. The IPO application will be open from July 1 (असार १७) and it closes as early as July 5 (असार २१) and as late as July 15 (असार ३१). It is best to apply for 10 kitta only in this IPO.
Investors will be able to apply online from Mero Share. Applications can also be submitted from all C-ASBA member banks and financial institutions and their designated branches approved by the Security Board of Nepal. NMB Capital is the manager of the share issue and sale of microfinance.
Manakamana Microfinance Laghubitta in Rupandehi and Smart Microfinance Institution in Dang have merged to form Manakamana Smart Laghubitta.
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