Saptakoshi to distribute IPO non-allotee refund from today
Thu, Jul 23, 2015 12:00 AM on Others,
ShareSansar, July 23:
Saptakoshi Development Bank Limited is refunding excess money collected from investors and from today ( Shrawan 7).
The Development Bank had floated 400,000 shares as part of its Initial public offering (IPO). The IPO received 30,058 applicants resulting in an oversubscription by 42 times. Among those who had applied only 17,818 applicants were allotted the shares.
The bank has urged non-allottee investors to contact their respective collection centers from where they had applied for the IPO to collect their refund money.
The non-allotees have to bring their receipt slip with a copy of citizenship or authorization letter to collect their payment slip.
Of the total 3, 72,000 shares set aside for public, 40% or 1, 48,800 shares, were put aside for retail investors and 60% or 2, 23,200 shares, under “other investor” category. Retail investors applied for a total of 62, 83,020 unit shares and those in the others category demanded 95,58,510 kittas.
The bank earned a net profit of Rs 15.16 lakh by the end of Poush 2071/72. It had mobilized deposits worth Rs 32.05 crore during the same period. The banks EPS stood at Rs 5.15 and networth per share at Rs 106.16.
