Thursday, July 16, 2015

IPO allotment of Saptakoshi Development Bank

Kathmandu, July 16, 2015

Saptakoshi Development Bank Limited has concluded its IPO allotment of 4 lakh units.

Allotment for investors who had applied from Rs 5,000 or 50 units to Rs 40,000 or 400 units shares was decided through lottery. Rs 50 thousand or 500 unit investors allotted 12 units or 2.4 % shares, Likewise Rs 5 lakh investors allotted 117 units or 2.34% shares and Rs 50 lakhs investors allotted 1170 units or 2.34% shares. 

Of the total 3,72,000 shares set aside for public, 40% or 1,48,800 shares, were put aside for retail investors and 60% or 2,23,200 shares, under “other investor” category. Retail investors applied for a total of 62,83,020 unit shares and those in the others category demanded 95,58,510 kittas.

The shares set aside for retail investors were oversubscribed by  42.23 times and those set aside under other category were oversubscribed 42.82 times.

Of the total 30,058 applicants’s only 17,818 Investors got the shares.  

Small Investors applying for shares worth Rs 41,000 to Rs 50,000 have been allotted to 2.401 % of the total applied amount.

Big investors recognized here as those applying for shares worth more than Rs 51,000 to Rs 50,00,000 have been allotted to 2.335 % shares. 

There were 59 invalid applicants. Altogether 36 staffs were allotted 8,000 units and six mutual fund companies were given unit 20,000 shares.

Of the total shares allocated for mutual fund companies, 4,000 units each has been allocated to Nabil Balance Fund – 1, NMB Sulav Investment Fund – 1, NIBL Sambriddhi Fund – 1, and Laxmi Value Fund -1 and Other two mutual fund schemes Siddhartha Investment Growth Scheme- 1 and Siddhartha Equity Oriented Scheme  have been allocated 2,667 units and 1,333 units respectively.

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