Sana Kishan IPO allotment Big investors get 2.477%, small investors get 3.239%

ShareSansar, Aug 14:

Sana Kishan Bikas Bank Limited has allotted shares of its IPO today.

Of the total 21,038 small investors, those who had applied for 50-290 units have been offered 10 unit shares on the basis of lottery system and applications for up to 500 shares were allotted 10 to 16 unit shares as per 3.239% ratio. Investors who fell in this category had applied for a combined total of 6,817,430 unit shares.

Big investors, those who applied for more than 510 shares, have been allotted shares worth 2.477% of their total investment in the IPO. In this category, 2,017 applicants had applied for a total of 13369800 unit shares.

For IPO Result: CLICK HERE

The remaining 331,200 unit shares were distributed among big investors.

Sana Kishan had issued a total of 6 lakh shares out of which 30,000 was set aside for mutual funds and 18,000 shares for the bank’s employees.

Sana Kisan Bikas Bank Limited (SKBBL) is promoted by Agriculture Development Bank Nepal (31.47%), Nepal Bank Limited (8.67%), Nabil Bank limited (4.34%) and 231 Small Farmers Agricultural Cooperatives (55.52%).