Kathmandu, May 7, 2017
A long awaited FPO of Standard Chartered Bank has been allotted by its issue Manager NMB Capital Limited today.
Standard Chartered Floated 25,58,140 units of FPO shares and among them small investors who had applied Rs 12,900 (or 10 shares) up to Rs 180,600 (or 140 shares) were decided through lottery. Other investors who had applied above 150 unit shares were allotted at 6.38% on pro-rata basis.
A long awaited FPO of Standard Chartered Bank has been allotted by its issue Manager NMB Capital Limited today.
Standard Chartered Floated 25,58,140 units of FPO shares and among them small investors who had applied Rs 12,900 (or 10 shares) up to Rs 180,600 (or 140 shares) were decided through lottery. Other investors who had applied above 150 unit shares were allotted at 6.38% on pro-rata basis.
Investors who had applied for 30 units got 10 unit shares through lottery, whereas those who applied or 25,580 units got 1630 unit shares. Out of the total 2,17,322 valid applicants, 1,40,132 investors got the shares. There were 4,291 invalid applications.The shares set aside for retail investors (10 to 30 units) was oversubscribed by 4.06 times and those set aside for other category (above 30 units) was oversubscribed by 15.68 times.
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