April 8, 2016
NIB FPO is going to allot its 90.69 lakhs unit shares within 2072. Big investors likely to get 8.5% whereas small investors is hoped to get approximately 30% of the total investment. However, percentage may change a bit with the final output of the allotment data.
Investors applying upto Rs 50,000 per application form are classified as small investors and those applying above 50,000 are considered big investors.
NIB Bank Limited is likely to refund excess money collected from investors after 5 days of the allotment of the shares.