Share Market News

As many as 1.5 million applications were filed for the IPO of Jeevan Vikas Microfinance

As many as 12.5 million applications have been received for the IPO of Jeevan Vikas Microfinance till Sunday evening.

 Which is 12.47 times more than the shares sold by the company.

Microfinance has issued 1,977,300 ordinary shares with a face value of Rs 100 per share since Friday. Out of this, microfinance has allotted 30,420 shares i.e. 5 percent of the issued capital for the employees and 5 percent of the total issue or 98,865 shares for the collective investment fund. The general public will be able to apply for the remaining 18 lakh 48 thousand 15 lots.

Interested investors can apply for a minimum of 10 lots and a maximum of 1,000 lots. The eviction shutdown will take place on July 30 at the earliest and on July 9 at the latest.

The general public can apply from banks and financial institutions licensed by the Nepal Securities Board and its branch offices. In addition, you can also apply through My Share software.

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