Kathmandu, September 21
The IPO which closed on August 12 was oversubscribed by 30 times.
Of the total 4.9 lakh units of ordinary primary shares floated since August 6, 9,800 units were allocated for the staff and 24,500 units for the mutual fund.
The development bank is “B” class bank based in Dolakha district and is functional in three districts, Dolakha, Sinduli and Ramechhap.
IPO of Kalichowk Development Bank has been alloted as:
Upto 260 units fall under lottery, 3.4% allotted to investors from 261 to 500 units and 2.95% were allotted for above 500 units.
The allotment of Initial Public Offering (IPO) worth Rs 4.9 crore of Kalinchowk Development Bank Limited took place at 10:00 AM, Saturday at the office of Growmore Merchant Banker Limited, Durbar Marg in Kathmandu.
According to Growmore, the IPO was allotted at 3.4 percent to those who applied up to 500 units and at 2.95 percent for those who applied above that.
However, those who applied for up to Rs 260 units fell under lottery.
According to Growmore, the IPO was allotted at 3.4 percent to those who applied up to 500 units and at 2.95 percent for those who applied above that.
However, those who applied for up to Rs 260 units fell under lottery.
The IPO which closed on August 12 was oversubscribed by 30 times.
Of the total 4.9 lakh units of ordinary primary shares floated since August 6, 9,800 units were allocated for the staff and 24,500 units for the mutual fund.
The development bank is “B” class bank based in Dolakha district and is functional in three districts, Dolakha, Sinduli and Ramechhap.
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