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Ganapati Microfinance IPO Result Published !!

Ganapati Microfinance Bittiya Sanstha Limited had  issued 3,35,000 units ordinary shares worth Rs 3.35 crore to the general public from Baisakh 9, 2076 till Baisakh 12, 2076. As per the issue manager, 330,151 applicants have applied for 6,772,420 units till closing, oversubscribing the issue by 21.63 times. However, this is the unverified data and includes disqualified applicants as well.
Allotment has completed today. Since, the issue was oversubscribed, only 31,307.5 people were allocated 10 units on a lottery basis while the rest were empty handed.Care Ratings Nepal Limited has assigned grading of “CARE-NP IPO Grade 4” to the proposed Initial Public Issue of Ganapati Microfinance Bittiya Sanstha Limited (GMBSL). “CARE-NP IPO Grade 4” indicates Below Average Fundamentals.
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