Sanima Capital refunding Synergy Power non-allottees from today; direct transfer to Sanima Bank, Laxmi Bank and 14 other BFIs

Sanima Capital Limited, the issue manager for the IPO of Synergy Power Development Limited, is refunding the non-allottees from today (Falgun 10, 2073). Applicants who have mentioned the accounts of the following banks and financial institutions (BFIs) will have their money transferred directly to the respective bank accounts. Other applicants will be refunded via a cheque. The merchant banker has urged the applicants to collect refund warrants from the respective collection counters where they had submitted the application. Direct Bank Transfer List: Commercial Banks

1. Sanima Bank Limited
2. Laxmi Bank Limited

Development Banks

1. Tourism Development Bank Limited
2. Deva Bikas Bank Limited
3. Kailash Bikas Bank Limited
4. Muktinath Bikas Bank Limited
5. Shangri-La Development Bank Limited
6. Ace Development Bank Limited
7. Tinau Bikas Bank Limited
8. Om Development Bank Limited

Finance Companies

1. Manjushree Finance Limited
2. Progressive Finance Limited
3. Reliance Finance Limited
4. Synergy Finance Limited
5. Union Finance Limited
6. Unique Finance Limited

Synergy Power Development Limited had allotted 21 lakh units IPO shares on February 16, 2017. Applicants who had applied up to 310 units share were allotted 10 shares each via lottery. Retail investors who had applied from 320 units to 500 units were allotted 3.04% on pro-rata basis, and other investors who had applied more than 500 units  were allotted 2.93% on pro-rata basis.