Citizens Bank FPO allotment concludes; almost 74% applicants allotted minimum 10 units through lottery

Global IME Capital Limited, the issue manager for the 4.63 lakh units FPO of Citizens Bank International Limited (CZBIL) has concluded the allotment today. The allotment was concluded at Global IME Capital’s office in Jamal, Kathmandu at 9:00 AM.

Out of the 62,709 valid applicants, 46,382 applicants have been allotted the FPO shares. Out of the 46,382 allottees that got the shares, 46,376 allottees have been allotted 10 units each and the rest 6 have been allotted 11 units each through lottery.

The bank had issued 4,63,826 unit shares from Shrawan 15 till Shrawan 18, 2075 at a rate of Rs 200 per share (Rs 100 premium added to the par value of Rs 100 per share). The issue had collected Rs 1.21 arba in total.

Individual lottery results can be checked at ShareSansar’s IPO Result section.

Citizens Bank has posted net profit of Rs 1.40 arba up to the end of fourth quarter of FY 2074/75. The allottees of this FPO will also be eligible for any further dividend the bank might declare in the future.

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