Kathmandu, Feb, 05, 2017
Nepal SBI Bank Limited has allotted its 67,767.87 units FPO shares today at Nepal SBI Merchant Banking Limited, Hattisar through lottery system.
27,107 shares were set aside for retail investors (who applied less than 50 kitta), and 40,660 shares were set aside for other investors (from 60 to 670 kitta). The shares set aside for retail investors was oversubscribed by 55 times and those set aside under other category were oversubscribed by 82 times.
Of the total 57,126 applicants, only 6,776 investors got the shares. Distributing 10 kittas each to 6,776 allottees amounts to only 67,760 out of the 67,767.87 issued shares. So, out of these 6,776 allottees, 7 applicants were allotted 11 units, 1 applicant was allotted 10.87 units, and the rest were allotted 10 units each through lottery to balance all the 67,767.87 shares.
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