KATHMANDU: The Manakamana Smart Microfinance Institution is all set to distribute its IPO on Monday.

According to sources, the company’s sales manager NMB Capital has informed that the pre-allotment has been completed and the IPO allotment will take place on Monday.

The company’s IPO has received 73 times more application than the allotment announced.

Manakamana Smart Microfinance had issued notice for the 389,000 shares to the public.

According to the pre-allotment results, only 36, 349 applicants will get the share of the microfinance.