RBB has allotted NIB Promoter share, CIT and Beema Sanstha biggest bidder

Sharesansar, January 7:

Rastriya Banijya Bank Limited (RBBL) has allotted 58,00,436 units NIBL promoter share to investors bidding above Rs 401.

Publishing a notice today, Nabil Investment Banking Limited- issue manager of this issue has informed that the investors bidding Rs 401.01 or above gets 100 percent share, while investors bidding Rs 401 gets only 78.86 percent share of their total investment. Investors bidding less than Rs 401 didn’t get any share.

As per source, Citizen Investment Trust has bid for 20,00,000 units at Rs 401 and Beema Sanstha has bid for 6,70,000 units and LIC Nepal for 5,55,200 units at Rs 405 each. As per allotment module, Citizen Investment Trust gets only 78.86 percent share, while Beema Sanstha and LIC Nepal gets 100 percent share.

There are many individual investors too bidding lakhs of units at Rs 401 and above rate.

Similarly, Hathaway Investment applied for 58,820 units at Rs 405.12, Sagarmatha Insurance applied for 16,000 units at Rs 405 and Asian life Insurance applied for 25,000 units at Rs 401.

There were total 1585 bidders out of which only 993 investors got allotted share as per the bidding amount.

However, Nepal Aawas Finance Limited (NABB) 1,78,927 units promoter shares were unsold this time also.  In total 61 bidders have applied for 25,000 units and were sucessfully allotted from Rs 101 to Rs 175 quoted price by them.