Kisan Microfinance to refund IPO non allotees from today
Sun, Aug 2, 2015 12:00 AM on Others,
ShareSansar, August 2;
Kisan Microfinance Bittiya Sanstha Limited is refunding excess money collected from investors from today ( Shrawan 17, 2072).
Kisan IPO had received a total of 33,826 applications. Among those who had applied, 7,360 applications were allotted shares.
The bank has urged non-allottee investors to contact their respective collection centers from where they had applied for the IPO to collect their refund money.
The non-allottees have to bring their receipt slip with a copy of citizenship or authorization letter to collect their payment slip.
Civil Capital Market Limited was appointed the issue manager for the IPO.
Of the total 73,600 shares set aside for public, 40% or 29,440 shares were put aside for retail investors and 60% or 44,160 shares under “other investor” category. Retail investors applied for a total of 41, 41,670 unit shares and those in the others category demanded 73, 07,810kittas.
Since the allotment took place through lottery, all investors were eligible for a minimum of 10 shares.
