RMDC IPO update Share allotment on Shrawan 31; small investors to get 12.15%, big investors 6.88% 

ShareSansar, Aug 13:
 

Rural and Microfinance Development Corporation is going to allot shares of its IPO on Thursday, Shrawan 31.

As per Ace Capital, the issue manager, small investors will be allotted shares worth 12.15% of their investment, while big investors will get 6.88%. Those who have applied for up to 70 shares will fall in the lottery system.

The company had floated 1,560,000 unit shares on Asar 13.

The equity shares were of face value NRs 100 each with a premium of Rs 80 per share for the general public and 31,200 equity shares of Rs 100 each for its employees, which is 2% of the overall issue.

The company has set aside 78,000 shares for the mutual fund in total; 26,000 units each to mutual funds: Siddhartha Growth Scheme-1, Nabil Balance Fund-1 and Citizen Investment Trust Scheme.

RMDC IPO collection reaches Rs 3 arba 13 crore