1.97 million IPOs of Jeevan Vikas Microfinance are coming tomorrow
Jeevan Vikas Microfinance Financial Institution Limited is going to open initial public offering (IPO) sale of securities from tomorrow. The organization is going to sell 1,977,300 IPO lots worth Rs 197,730,000 from tomorrow.
Out of the total disbursement, microfinance has allocated 30,420 shares for employees and 98,865 shares, which is 5 percent of the total, for collective investment funds. The remaining 18 lakh 48 thousand 15 lots will be released to the public.
Microfinance is going to sell ordinary shares with a face value of Rs 100 per share. There is a provision to demand minimum 10 lots and maximum 1000 lots while applying for IPO purchase.
Applications for IPO purchase can be made from Sales Manager NMB Capital, Banks and Financial Institutions as well as My Shares.
The company is considered as the best company in the field of microfinance.