How to Apply Today for Support Microfinance (SUPPORT) IPO Using Online ASBA Service (Step-by-Step Process of Global IME Bank Online ASBA)

SEBON had compulsorily implemented Applications Supported by Blocked Amount (ASBA) system from Shrawan 1, 2074 for public issues (IPO/FPO) and Support Microfinance Bittiya Sanstha Ltd. (SUPPORT) is the next company issuing its IPO from full ASBA services all over Nepal today Wednesday October 4th 2017. Global IME Bank (GBIME), like several other banks, has come up with online ASBA service registration of application for share with the aim to provide easy and efficient services to its customers.

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The customers can use ASBA services from either mobile banking or internet banking service without being presented at the bank and also at zero cost for the applications of IPO, FPO and Mutual Funds.

Applicants having account in Global IME Bank can apply IPO of Support Microfinance Bittiya Sanstha Ltd. (SUPPORT) through online service for registration of application.

Here is a step-by-step process to apply for the Support Microfinance Bittiya Sanstha Ltd. (SUPPORT) IPO using the online ASBA system:

STEP 1: Open Global IME Internet Banking by clicking on the link below.

STEP 2: Position the cursor at ASBA ONLINE at top right corner as shown.

STEP 3: Click login after entering your online banking username and password as shown.

STEP 4: You will have 'Share Application Form' to enter your information details as shown as shown.

List of available public offerings along with details on the apply button of the

public offering for application submission.

STEP 5: Complete the upper portion of the form with your information into the fields as shown.

Note at the bottom the 'available balance' of your account !

STEP 6: Scroll down and complete the bottom portion of the form with your information into the fields as shown.

Read the terms and conditions in the box at the bottom,
check the circle to mark your agreement and then
click 'Apply' in the red box at the bottom.

STEP 7: Click 'Confirm' (or 'Edit' if incorrect) for share conformation as shown.

STEP 8: You will get a dialog box from the Global IME Bank on your screen displaying that 'A code has been sent to your registered mobile number' in green box with details as shown.

STEP 9: Enter into the 'OTP' box the 6 digit code sent to your registered mobile number and hit 'Submit' in the red box at the bottom as shown.

STEP 10: If everything goes well, you will get a 'Customer Verification' dialog box displaying 'Your account details has been verified successfully.', then hit the 'Submit Form' in the red box at the bottom as shown.

STEP 11: You will then be offered 'ASBA Receipt' dialog box with the 'PDF' icon link, click it to download your receipt as shown.

STEP 12: Finally, save the pdf ASBA receipt for your future reference as shown.

That is it! You are done!! Hope this helps & Good Luck!!!

ShareUpdateNepal: Wednesday October 4th 2017

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Nepal Hydro Developer Limited has published an offer letter to issue 3,90,000 units IPO shares to the general public from 27th to 32nd Shrawan, 2074.

Nepal Hydro Developer Limited is issuing its 3,90,000 units IPO shares to the general public from today (27th Shrawan, 2074).

Support Microfinance IPO Starting from Tomorrow, How is the Company?

Support Microfinance Bittiya Sanstha Ltd. (SUPPORT) is issuing 1,80,000 unit ordinary shares of its Initial Public Offering (IPO) worth Rs 1.80 crores (Rs. 18 million) to the general public starting immediately from tomorrow Wednesday October 4th 2017. The microfinance company received the approval from Securities Board of Nepal (SEBON) for issuing this IPO two months ago on Friday August 4th 2017.

The offering of the shares at worth rate Rs. 100 per unit is open initially only for 4 banking days and will close on as early as next week Monday October 9th 2014 if all shares are sold, or the closing date is extendible maximum up to next month Thursday November 2nd, 2017.

Interested investors must apply for a minimum of 50 units of this share and a maximum of up to 900 units of the share.

The microfinance company has set aside 3,600 unit shares (2%) for its employees and 9000 unit shares (5%) for the existing 11 mutual fund companies. The company is floating 1,67,400 unit shares to the general public alone.

The issue and sales manager for this IPO share is NMB Capital Ltd. in Nagpokhari, Kathmandu.

Since SEBON has made Applications Supported by Blocked Amount (ASBA) mandatory starting from mid August 2017, all the interested applicants can collect ASBA forms from all ASBA-approved banks around the nation and submit the completed forms accordingly. One can also make paperless application directly online through the participating banks as well.

The microfinance company is aiming to raise Rs. 1.80 crores through this offering. After the IPO allotment, its paid up capital will reach Rs. 6 crores from its current Rs. 4.20 crores. Its authorized capital stands at Rs. 15 crores. After this IPO sale, the promoter to public ratio of the company will be maintained 7:3 (70% by 30%).

In the fourth quarter (Q4) of the fiscal year 2073/74, Support Microfinance has earned Rs. 48.04 lakhs, with a net profit rising to Rs 48.04 lakhs from a loss of Rs. 27.49 lakhs in the corresponding time of the previous fiscal year 2072/73. It has made a profit growth of 274.75%, with its net interest income rising from Rs. 36.50 lakhs in the previous quarter to Rs. 2.65 crores in the current 4Q. It has a current reserve of Rs. 21.31 lakhs in Q4 that surges by 162.09% from its previous reserve of Rs. 34.32 lakhs.

Its non-performing loan (NPL) stands at 0.82% in Q4 from 0.38% and CD ratio at 354.93%. Its earning per share (EPS) stands Rs. 11.44 and net worth per share at Rs. 105.07.

At present, the microfinance is providing its services in 10 various districts, including, Panchthar, Tehrathum, Dhankuta, Sunsari, Bhojpur, Khotang, Udaypur, Sindhuli, Ramechhap and Makwanpur.

Provided below are Click Links for its Recent 4Q Financial Report, Company Analysis, IPO Issue Notice and Announcement Notice.

FINANCIAL REPORT LINK

COMPANY ANALYSIS LINK

IPO ISSUE NOTICE LINK

ANNOUNCEMENT NOTICE LINK

ShareUpdateNepal: Tuesday October 3rd, 2017.