Womi and Reliable Microfinance floating its IPO from today

Kathmandu, July-7 Womi Microfinance Bittiya Sanstha a Dhading based microfinance is floating its IPO of 1, 47,000 unit shares from today and will close on Ashad 25 with maximum close date Shrawan 5, 2072.

NMB Capital Limited has been appointed as the issue manager for the IPO.

People willing to invest can apply for a minimum of 10 units of share to maximum of 1,000 unit of share.

The microfinance has set aside 4, 410 unit shares for its employees and 7,350 unit shares for mutual fund companies.

Out of which 1,470 each for Nabil balance fund-1, NMB Sulav Investment Fund, Laxmi Value Fund -1, NIBL Sambriddhi Fund  and 980 unit of shares for Siddhartha Equity Oriented Scheme and 490 for Siddhartha Investment Growth Scheme- 1.

Its current paid up capital is Rs 1.53 crore which will reach 3crore after IPO issuing.

The microfinance earned a net profit of Rs 62.03 lakh in its 2nd quarter of the fiscal year 2071/72. Its net worth per share stands at Rs 116.12 and Earning per share at Rs 26.77.

Reliable Microfinance

Lamjung based Reliable Microfinance Bittiya Sanstha Limited is going public with its shares from today

Out of the total 1,50,000 unit shares, the microfinance has set aside 7,500 unit shares for the mutual fund schemes and 1,42,500 for general public which also includes 3,000 unit shares for its employees.

The offer will close on coming Friday. The maximum closing date for the offer is Shrawan 5, 2072.

People willing to invest can  apply for a minimum of 50 units of share and they can apply for up to 1,000 unit of share.

Civil Capital Market Limited is assigned as the issue manager for the IPO.

It earned a net profit of Rs 41.07 lakh in its 2nd quarter of the fiscal year 2071/72 and its net worth per share stands at Rs 97.67.