Kathmandu, Jan 1
Matribhumi Bikas Bank Limited is distributing share allotment slip and refunding money to the non-allottees who had invested in its IPO. On December 27, Matribhumi’s IPO was allotted flatly at 19.33 percent. As the IPO was oversubscribed by five percent, those who applied up to 40 units were placed under the lottery system.
Matribhumi Bikas Bank Limited is distributing share allotment slip and refunding money to the non-allottees who had invested in its IPO. On December 27, Matribhumi’s IPO was allotted flatly at 19.33 percent. As the IPO was oversubscribed by five percent, those who applied up to 40 units were placed under the lottery system.
There were 2,047 applicants, mostly from the locals of Sindhuli where the bank is based, according to the issue manager Civil Capital Markets and there were 245 applications from big and institutional investors for 1.54 lakh unit equity shares.
