IPO allotment of Ganapati Microfinance Bittiya Sanstha Limited has been concluded today, 20 Baishakh 2076 at the premises of issue manager, NIBL ACE Capital Limited.
As per Issue manager, total 3,22,609 valid applicants applied for 6,555,110 units of shares. 700 applicants are invalid. The issue is over subscribed by 20.99 times.
As per IPO allotment guidelines, 31,308 applicants have been allotted with 10 units. Total 2,92,001 applicants became empty handed.
Check: IPO Result of Ganapati Microfinance
The company had issued IPO from 09 Baishak to 12 Baishakh 2076.
It had issued 5,175 units for employees and 16,750 units for existing mutual funds. The remaining 3,13,080 units for general public.
NIBL Ace Capital Limited is appointed as issue manager for the issue.
After IPO issuance, paid up capital will reach to Rs.10.35 crore.
