Allotment of Sahara’s IPO; Lottery up to Rs 70 K rest allotted by 1.29%

Wed, Jul 16, 2014 12:00 AM on Share Allotment,

ShareSansar, July 16:

Allotment of the Initial Public Offering (IPO) shares of Sahara Biskas Bank took place yesterday at 4 P.M.  in Global IME Capital Limited, Jamal,  which is also the issue manager of the development bank.

An official of Global IME Capital stated that the investors who have invested up to Rs 70 thousands were allotted through lottery system while the rest were allotted proportionately at 1.29 percent.
   
The class ‘B’ development bank based in Malangwa of Sarlahi district had floated the IPO worth Rs 60 lakh on June 6, and was closed on June 10 with oversubscription of almost 79 times.

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