Saptakoshi Dev. Bank to distribute share certificates from today

Saptakoshi Development Bank Limited is distributing IPO share certificate to its shareholders from today, Ashwin 5, 2072. As per the notice published today, the investors to whom the shares have been allotted can collect their share certificate from the collection center where they had submitted their IPO forms. Furthermore, the allotment advice along with identity card of the investor is mandatory to collect the share certificate. Saptakoshi Development had opened its Initial Public Offering of 400,000 unit shares. The allotment of the company’s IPO was held on Jestha 21, 2072. Those who had applied up to Rs 40,000 have fallen under lottery while investors who applied for shares more than Rs 41,000 to Rs 50,000 were allotted 2.4% of the money they had invested and shares worth more than Rs 51,000 to Rs 50, 0 0,000 have been allotted to 2.335 % shares. The development bank had earned net profit of Rs 42.73 lakhs in the fourth quarter of fiscal year 2071/72.