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Share Allocation of Mero Microfinance

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Share Allocation of Mero Microfinance
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May 11: Mero Microfinance has allocated 10 units of shares for small and medium investors on Wednesday morning. Small and medium investors selected through lucky draw will get 10 units of shares.

 Investors applying for 50-500 units of shares are considered small investors. Similarly, investors applying for 501 to 2300 units of shares are considered medium investors and for 2320-10,000 units of shares are considered big investors. Mero Microfinance had received 206 times more application on its call for share applicaiton. Big investors have got minimum of 10 units to 41 units of shares. Whereas, those investors applying for more than 2320 have received 10 shares.

Earlier, the microfinance had floated 612,000 units of shares worth of Rs 61.2 million on which application was received for 120 million shares worth Rs 12.83 billion. Among the 612,000 units, 45,000 have been allocated for 6 mutual funds and employees of the company. 

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Keshab prasad ghimire

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