On the first day of the IPO of Samaj Microfinance, 16 times more applications were received

More than 16 times applications have been received on the first day of the IPO launched by Samaj laghubitta on Thursday.

The IPO for microfinance has received 16.52 times more applications. According to IPO issue manager Siddhartha Capital, 53,109 applicants have applied for the purchase of 1,333,390 shares by 5 pm on Thursday. Microfinance had issued 86,000 ordinary shares at the face value of Rs 100 per share since Thursday. Out of this, 1000 lots i.e. 5 percent of the issued capital has been allotted to the employees and 5 percent of the total disposal i.e. 4,300 lots of shares have been allotted to the collective investment fund.

The general public will be able to apply for the remaining 80,700 lots. Interested investors can apply for a minimum of 10 lots and a maximum of 5,000 lots. The application will be closed on August 24. The issue and sale manager of microfinance is Siddhartha Capital Limited. The general public can apply from banks and financial institutions licensed by the Nepal Securities Board and their branch offices. In addition, applications can be submitted through Mero share software

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