ShareSansar, July 10:
Investors have one more day to apply for Sana Kishan Bank IPO that is closing on July 10, today.
While the bank had collected Rs 11 crore in just two days of the IPO opening, in one single day on Tuesday, the IPO attracted Rs 21 plus crore worth of applications.
Officials at Elite Capital, the issue manager for the IPO, said the total collection by the end of the third day’s sales has reached Rs 33 crores.
Sana Kishan had issued a total of 6 lakh shares out of which 30,000 was set aside for mutual funds and 18,000 shares for the bank’s employees.
By the end of the closing day, the IPO is expected to be oversubscribed at least 10 times.
Sana Kisan Bikas Bank Limited (SKBBL) is promoted by Agriculture Development Bank Nepal (31.47%), Nepal Bank Limited (8.67%), Nabil Bank limited (4.34%) and 231 Small Farmers Agricultural Cooperatives (55.52%).
IPO Analysis: CLICK HERE
Closing date announcement: CLICK HERE
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