Kathmandu, Aug 19, 2015
Reliable Micro Finance has published results of its IPO allotment to its investors today.
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.
Those who were allotted got a minimum of 10 unit shares. Of the total 45,246 applicants only 13,995 investors got the shares.
Out of the total 1,50,000 unit shares, the microfinance has set aside 7,500 unit shares for the mutual fund schemes and 1,42,500 for general public which also includes 3,000 unit shares for its employees.
Click here for IPO result
Reliable Micro Finance has published results of its IPO allotment to its investors today.
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.
Those who were allotted got a minimum of 10 unit shares. Of the total 45,246 applicants only 13,995 investors got the shares.
Out of the total 1,50,000 unit shares, the microfinance has set aside 7,500 unit shares for the mutual fund schemes and 1,42,500 for general public which also includes 3,000 unit shares for its employees.
Click here for IPO result
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