IPO allotment of Reliance Life Insurance Company

 Kathmandu, Aug 28, 2020

The IPO allotment of Reliance Life Insurance Limited has concluded today.

Reliance Life Insurance Limited had issued 63,00,000 units worth Rs 63 crore as Initial Public Offering to the general public from (Bhadra 4-8, 2077). 

Out of the offered 63,00,000 units; 5% of the total offered shares 3,15,000 units have been set aside for the employees of the company and 5% of the total offered shares 3,15,000 units have been set aside for the mutual funds. The remaining 56,70,000 units are for the general public.

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5,89,464 applicants received for a total of 2,29,26,010 units which was oversubscribed by more than 4.04 times. Out of 5,89,464 only 5,87,509 application were valid.

Allotment Module 

As to the lottery system a total of 5,67,000 applicants were allotted 10 units each, and the remaining 20,509 applicants were not allotted.

Both Company Staff (244) and Mutual Funds (19) were allotted full 3,15,000 units each.s

Total disqualified applicants were 1,955 who applied for 71,590 units.

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First Quarter Reports of all companies 2076/77

First Quarterly report of all the companies for 2076/77.

IPO Allotment of Arambha Micro Finance

Kathmandu, March 7, 2018

Arambha Micro Finance who recently closed its IPO for general public has posted its allotment result within 36 hours of its IPO closing date. This is the first IPO which was arranged by NIC Asia Capital and has revolutionized the allotment process of IPOs in Nepal.

It is said that due to C-ASBA system this was possible and the general public is overwhelmingly happy for such fast results which use to take more than a month.

Apart from the units reserved for staffs and mutual funds, 27,048 applicants were allotted 10 units each through lottery. 8,820 units were allotted to the staffs and 14,700 units were allotted to mutual funds.

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IPO Result of Unnati Micro Finance

Feb 8, 2018,
Kathmandu,

Siddhartha Capital Limited, the issue manager for the 1.65 lakh units IPO shares of Unnati Microfinance Bittiya Sanstha Limited.

Out of 244,427 valid applicants, only 15,015 were allotted 10 units each and they were chosen through lottery process. Similarly, 101 staffs of the company were allotted 6,600 units and 12 mutual fund schemes were allotted 8,250 unit shares.

IPO Result of Chhyandi Hydro Power

Kathmandu, July 01, 2017

Chhyangdi Hydropower Company Limited has allotted its 5,40,000 units IPO shares today (Asadh 17, 2074) 

Allotment for investors who had applied up to 710 units (Rs 71,000) was decided through lottery, and were allotted 10 units on lottery basis. Other investors who had applied more than 710 units were allotted 1.25% on pro-rata basis.

The issue had collected around Rs 377 Crores (Oversubscribed by 74.13 times) till last day from both regular and ASBA applications. Applicants were required to apply for a minimum of 50 units shares (Rs 5,000) and they could apply for a maximum of 2,700 units (Rs 2,70,000). Those investors who had applied for 2700 units shares got 34 units.