Aarambha Microfinance has allotted initial Public offering (IPO) in premises of CDSC. IPO was just closed 2 days ago. After full implementation of C-ASBA (Centralized application for ASBA based issuance) from CDS & clearing Ltd. the allotment process has been reduced to few days.
According to CDS & Clearing, Final result will be finalized soon.
As per set rule of IPO allotment, Only 27048 applicants will be allotted 10 units of shares through lottery.
It is clear that out of total 186,038 applicants 185,653 applicants are valid, 385 are invalid & 158,650 applicants will be empty handed.
Aarambha had floated IPO of 2,94,000 units at Rs.100 per unit to the general public.
It has alloted 3% or 8,820 units to its employee & 5% or 14,700 units are for existing mutual fund. The remaining 270,480 units of share are alloted for general public.
NICA Asia Capital was the issue manager for the IPO.
Its paid up capital will reach to 6 crore after IPO issuance. Currently, its paid up capital is 3.06 crore.
Aarambha Microfinance is located at Kavreplanchok District. Currently, it has providing services around 15 District.
