Full allotment Module of NIB FPO

Nepal Investment Bank Limited (NIB) has concluded its FPO allotment today at the Hotel Annapurna, Kathmandu at 9:30 AM. Allotment for investors who had applied from Rs  6,010 or10 units to Rs 12,020 or 20 unit shares were decided through a lottery and remaining investors who had applied for Rs 18,030 or 30units to Rs 48,080 or 80  units were allotted 32.5% on pro-rata basis. And the other investors applied for Rs  54,090 or 90 units to Rs 12,02,00,000  or 2 lakhs units were allotted 8.5% on pro rata basis. Investors of 90, 100 and 110 unit shares got lucky to get minimum 10 unit shares and not in lottery as only 8.5% shares fall in Other investors category. Of the total 2,18,794 applicants, 2,10,756 investors got the shares. There were only 332  invalid applicants including 75 such applicants which were rejected due to owning NIB promoter shares (NIBPO).