Both Namaste Bittiya Sanstha and Gaumukhee Bikas Bank IPO results will come today

ShareSansar, July 10:

Namaste Bittiya Sanstha and Gaumukhee Bikas Bank are set to declare the results of their IPO on Asar 27th. The allotment timings are 11:00 AM and 3:00 PM respectively. As per the official of NMB Capital- the issue manager for both the IPOs, the allotment would take place at the merchant banker’s office in Babarmahal, Kathmandu.

The oversubscription amount would be refunded to the applicants by the first week of Shrawan.

Namaste Bittiya Sanstha’s IPO that had floated 100,000 unit shares on June 7 and was oversubscribed nearly three times. Likewise, Gaumukhee Bikas Bank had issued 1,20,000 units shares on June 12, allocating 2400 units for employees and 6000 units for mutual fund companies.

ShareSansar will publish the results on its website http://www.sharesansar.com on the same day they are released.