Distribution of Chirkhwa and Mirmire Taking Place Today
Kathmandu : The two companies are sharing today (November 16th). Chirkhwa Hydropower Company is going to do IPO and Mirmire Lagubitta Financial Institution is going to distribute FPO.
According to the Sales Manager SBI Merchant Banking, the FPO of Mirmire Microfinance is ready to be distributed at 8:30 am today.
130.63 times more applications than the demand will be distributed through the Mirmire microfinance FPO system. In this, 14 lakh 21 thousand 777 people have applied for a total of 1 crore 61 lakh 74 thousand 580 shares. In which only 12 thousand 381 people will get shares while the remaining 14 lakh 9 thousand 396 people will be left empty handed.
Mirmire Laghubitta brought 1 lakh 23 thousand 816 shares of FPO for sale from October 25th to 30th at amount of 100 per share. In accordance with Section 9 of the Act on Banks and Financial Institutions, 2073, Laghubitta has issued FPO to maintain the capital structure of the general public at 30 percent.
Similarly, the IPO of Chirkhwa Hydropower will be distributed at 1 pm today. The sales manager RBB Merchant Limited said that it will be distributed at that time.
By the last day of the company’s IPO, 12 lakh 12 thousand 645 applicants had applied for 1 crore 31 lakh 99 thousand 240 shares. 15.36 times more applications than this demand. On this basis, 85,930 applicants for the company’s IPO will receive shares at the rate of 10 shares.
The company issued an IPO of 859,300 shares to the general public from October 23rd to 26th.