Global IME Sammunati Scheme-1 allotment concludes; Small & Big Investors allotted 100% & 47.47% respectively; No lottery

Global IME Sammunati Scheme-1 had floated its public issue of worth Rs 80 crore from Falgun 2, 2072 to Falgun 5, 2072. Global IME Samunnat Scheme-1 is basically a 7 years closed-end mutual fund scheme. The mutual fund scheme is managed by Global IME Capital, a wholly owned subsidiary of Global IME Bank. Global IME Sammunati Scheme-1 has concluded its IPO allotment today at Amrapali Banquet, Bhatbhateni, Kathmandu at 1:00 PM. Altogether 5,466 applicants applied for 16.74 crore unit shares in the public issue. The public issue collected Rs 1.67 arba in four days. Investors applying Rs. 50,000 or below per application form are classified as small investors. Security Allotment Guideline 2068, states that at least 40% of the securities being offered in IPO/ FPO must be allotted to the small investors. In the public issue of Global IME Sammunati Scheme, the total amount from the small investors does not exceed the 40% of total collected amount and as a result small investors were allotted the precise amount of shares they applied for. Investors who applied for up to Rs. 50 thousand or 5000 units (small investors) were allotted 100% of the shares applied whereas investors who applied for more than Rs. 50 thousand (big investors) got 47.47 percent of the applied shares on pro-rata basis. Out of 80 crore unit share the company has allocated 1.10 crore or units shares 13.75% for the Global IME Bank Limited, 10 lakhs or units  shares 1.25% for the Global IME Capital Limited and 6 crore 80 lakhs units for general public.