Suryodaya Laghubitta to refund IPO non-allottees from tomorrow; direct refund in a/c holders respective bank a/c

Suryodaya Laghubitta Bittiya Sanstha Limited will be refunding excess money collected from investors from tomorrow (Kartik 9, 2073). It had floated 1.20 lakh unit shares worth Rs 1.20 crore as part of its IPO shares. As per an official of Global IME Capital, ‘The refund amount will be directly transferred to the respective account of the account holder from tomorrow on wards.’ Only in case of error in name and account number, the refund amount will not be transferred. Applicants can contact the respective collection center, if the refund amount is not transferred to their respective account within 3 days of refunding date. 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.