Unnati Microfinance to float IPO worth 1.65 crore; issue to commence from poush 21

Unnati Microfinance, Bhairahawa based 10 district microfinance is about to float ordinary share among general public from Poush 21st. The issue will close on Poush 25th (if early) . The date can extend upto Magh 5th in case of undersubscription. 

The company will issue 1.65 lakh unit shares at a face value of Rs 100. However, only 1,50,150 units will be available for the general public. The remaining units will be set aside for mutual funds and employees. 

Siddhartha Capital has been appointed as the issue manager for the upcoming issue. The company received approval from Security board on 29th mangshir . 

Applicants can apply a minimum of 10 units and a maximum of 820 units. Thus, applicants can invest with just Rs 1000 in hand. 

The microfinance has an authorized capital of Rs 11 crore . The paid up capital will reach Rs 5.50 crore after the upcoming issue. The company had a networth of Rs 138.46 and an EPS of Rs 44.02 as of 2073/74.