Sajha Bikas to refund IPO non-allottees from today; Investors requested to visit respective collection centers

ShareSansar, July 22:

Sajha Bikas Bank Limited is refunding excess money collected from investors as part of its initial public offering (IPO) from today (Shrawan 6). It had floated 4, 90,000 unit shares as part of its IPO. Of the total 16,952 applicant’s only 12,829 investors got the shares.  

The bank has urged the investors to visit their respective collection centers with receipt to collect their refund money through account payee cheque.

The non- allottees need to bring their receipt with a copy of citizenship or authorization letter to collect their payment slip.

NIBL Capital Markets Limited is the issue manager.

The bank reported a loss of Rs 1.41 crore in the fiscal year 2070/71. The bank had amassed Rs 29.27 crore in deposits during the same period. The bank's net worth per share stood at Rs 60.32.