Showing posts with label IPO allotment of RMDC. Show all posts
Showing posts with label IPO allotment of RMDC. Show all posts

Thursday, August 15, 2013

IPO allotment of RMDC (Rural Microfinance Development Centre)


Small investors got shares worth 12.15% of their investment, whereas the corresponding figure for big investors was 6.88%. Those who had applied for up to 70 units were allotted shares through lottery.  

Though RMDC had issued 1,560,000 unit shares, the IPO got applications for a total of 17,429,240 units through 29,172 big and small investors.

In the retail, or small investor, category, 22,954 investors applied for a total 47,75,390 unit shares, though only 5,80,320 units were set aside for that category. The category was oversubscribed 8.2 times.

Likewise, 6,218 big investors applied for a total of 12,653,850 unit shares, though only 8,70,480 had been reserved for that category.

The equity shares were of face value NRs 100 each with a premium of Rs 80 per share for the general public and 31,200 equity shares of Rs 100 each for its employees, which is 2% of the overall issue.

The company has set aside 78,000 shares for mutual fund in total; 26,000 units each to Siddhartha Growth Scheme-1, Nabil Balance Fund-1 and Citizen Investment Trust Scheme.


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