Unnati Microfinance's IPO from tomorrow

Jan 04, 2018 Merolagani

Unnati Microfinance Bittiya Sanstha (UMBSL) is set to issue initial public offering (IPO) from tomorrow, January 5. The company will issue 165,000 units of initial public offering (IPO) worth Rs 16.5 million to the general public.

The interested investors can apply for a minimum of 10 units and maximum of 820 units of share.

Out of the total number of shares, Unnati Microfinance has allocated 4 percent i.e. 6,600 units of share for its employees and 5 percent i.e. 8,250 units of share for mutual funds. the company will issue the remaining 150,150 units of shares to the general public.

The company has appointed Siddhartha Capital as its issue manager. The interested investors can apply from all ASBA registered BFIs.

Presently, Unnati Microfinance has a paid-up capital of Rs 38.5 million that will reach Rs 55 million after the IPO. The company earned a net profit of Rs 4.5 million in the first quarter of the current FY.,


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