Kalinchowk’s IPO allotment on Saturday; those who applied up to 260 units fall under lottery
Fri, Sep 19, 2014 12:00 AM on IPO/FPO News,
ShareSansar, September 19:
The allotment of Initial Public Offering (IPO) worth Rs 4.9 crore of Kalinchowk Development Bank Limited is taking place at 10:00 AM, Saturday at the office of Growmore Merchant Banker Limited, Durbar Marg in Kathmandu.
According to a source at Growmore, those who applied up to 260 units have fallen under the lottery and the primary shares have been allotted proportionately.
The IPO which closed on August 12 had been oversubscribed by around 30 times.
Of the total 4.9 lakh units of ordinary primary share floated since August 6, altogether 9,700 units were allocated for the staff and 24,500 units for the mutual fund.
The development bank is “B” class bank based in Dolakha district and is functional in three districts that are Dolakha, Sinduli and Ramechhap.
