BPW Microfinance IPO Allotment: Who Got Shares, Here’s How to See the Results

Kathmandu, March 17: The IPO of BPW Laguvitta Financial Sanstha Limited has been allotted today on Friday 3rd of Chait. The IPO securities were allotted at 11 am at the office of the selling manager Mega Capital Markets. From February 18th to February 23rd, BPW Microfinance had sold a total of 97,000 IPO shares of 32.33% of its issued capital of Rs 3,00,00,000. In which 9,070 shares of 10 percent were sold to Nepalis working abroad, 1,500 shares were reserved for employees and 4,850 shares were reserved for the collective investment fund. According to Capital, a total of 14 lakh 59 thousand 784 applicants applied for 1 crore 57 lakh 35 thousand 8 hundred 10 shares in the company’s IPO.

Out of which 1506 applications have been cancelled. Due to more applications than the demand, 14 lakh 58 thousand 278 eligible applicants were allotted shares through round robin, while 8 thousand 95 people got shares at the rate of 10 shares. Remaining 14 lakh 50 thousand 183 hands are empty. The final result of the IPO will be announced shortly. After the publication of the results, the website of the sales manager Mega Capital can be viewed from https://megacapitalmarkets.com/, the website of CDSC’s Meroshare is meroshare.cdsc.com.np/#/login, and the website operated by CDS for IPO is iporesult.cdsc.com.np/.