Suryodaya Laghubitta refunding IPO non-allottees from today; direct refund in a/c holders’ respective bank a/c

Suryodaya Laghubitta Bittiya Sanstha Limited is refunding excess money collected from investors from today (Kartik 9, 2073). It had floated 1, 20,000 unit shares shares worth Rs 1.20 crore as part of its IPO shares. Applicants to get refund money directly transferred in their respective accounts which the applicant had mentioned in the application forms. Only in case of error in name and account number, the refund amount will not be transferred. Applicants can contact the respective collection center or else can visit Global IME capital website http://www.globalimecapital.com, if the refund amount is not transferred to their respective account within 10 working days of refunding date. Even in case of applicants having account in banks linked in Inter Bank Payment System (IPS) of Nepal Clearing House limited (NCHL-IPS) or not, the amount will be directly transferred to the respective account. Those shareholders from outside Kathmandu valley who have not mentioned Demat account number in the application forms  can send their account number through email at dematsuryodaya@gicl.com.np after opening demat account. Global IME Capital Limited is the issue manager for the IPO. Small investors who had applied from Rs 5,000 or 50 units to 50, 000 or 500 units shares was allotted 0.39% which means all the category fall under lottery whereas big investors who had applied from Rs 51,000 or 510 units shares was allotted 0.24% which means all the category fall under lottery. Of the total 1, 09,714 applicant’s only 10,920 investors got the shares including 8 mutual fund and 106 staffs. There were only 1,832 invalid applicants.