Kathmandu, Aug 1, 2015
Clean Village Microfinance Limited has concluded its IPO allotment today at NMB Capital Limited BabarMahal, Kathmandu.
Total of 1,09,200 shares were set aside for public, 40 % or 43,680 shares were put aside for retail investors and 60 % or 65,520 shares under “other investor” category. Retail investors applied for a total of 60,35,980 unit shares and those in the others category demanded 92,28,320 kittas.
Given the high number of applicants, allocation on pro rata basis was not possible so the allotment was made through lottery system. Allotment of all applicants from minimum Rs 5,000 to maximum Rs 1,00,000 amount investors were decided through lottery.
The shares set aside for retail investors were oversubscribed by 138.18 times and those set aside under other category were oversubscribed by 140.84 times.
Of the total 45,338 Applicant’s only 10,920 investors were allotted the shares.
Click here for IPO Result
Clean Village Microfinance Limited has concluded its IPO allotment today at NMB Capital Limited BabarMahal, Kathmandu.
Total of 1,09,200 shares were set aside for public, 40 % or 43,680 shares were put aside for retail investors and 60 % or 65,520 shares under “other investor” category. Retail investors applied for a total of 60,35,980 unit shares and those in the others category demanded 92,28,320 kittas.
Given the high number of applicants, allocation on pro rata basis was not possible so the allotment was made through lottery system. Allotment of all applicants from minimum Rs 5,000 to maximum Rs 1,00,000 amount investors were decided through lottery.
The shares set aside for retail investors were oversubscribed by 138.18 times and those set aside under other category were oversubscribed by 140.84 times.
Of the total 45,338 Applicant’s only 10,920 investors were allotted the shares.
Click here for IPO Result
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