Sana Kishan IPO update Big investors likely to get 2.2%, small investors 3.5%; applications for up to 290 units through lottery
Mon, Aug 12, 2013 12:00 AM on IPO/FPO News,
ShareSansar, Aug 12:
Sana Kishan Bikas bank is set to allot shares of its IPO on Wednesday. The allotment will take place at Indreni Complex in New Baneshawar at 10 am.
The issue manager said that big investors will be allotted shares worth 2.2 percent of their investment in the IPO, whereas small investors will get 3.5 percent. Fate of the applications for up to 290 unit shares would be decided through lottery.
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%).
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