NASHDO: Prosperous Microfinance Financial Institution (NFMI) has distributed its initial public offering (IPO) to the public.
Securities Issuance and Sales Manager Global IME Capital Limited has distributed ordinary shares here today. The company had invited applications for 8,28,750 ordinary shares at a face value of Rs 100 per share, equivalent to Rs 82,875,000.
According to the sales manager, a total of 25 lakh 27 thousand 101 people had applied for the IPO. Of these, 4,146 applications were rejected and out of the remaining 2,522,955 eligible applicants, 77,456 applicants were allotted shares at the rate of 10 lots through round robin.
The remaining three lots of shares were distributed to those who applied for more than 20 lots at the rate of one lot each, according to Capital. Of the ordinary shares issued by the company, five percent (41,437) shares of the total issue to the collective investment fund, zero point five percent (12,750) shares of the issued capital (Rs. 255 million) to the employees and the remaining 7,74,563 shares. The general public had applied for the purchase from March 28 to March 30. The results of the distribution can be viewed through the respective company, sales manager and the website of CDS & Clearing Limited (My Shares), the company said.
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