Allotment of Sahara’s IPO on Tuesday, Ekata’s on Monday

ShareSansar, July 11:

Allotment of Initial Public Offering (IPO) shares of Sahara Biskas Bank  will take place next week on July 15 according to an official at Global IME Capital, which is the issue manager of the development bank. He further stated that the share should be 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.

Similarly, an official at NMB Capital, the issue manager of Ekata Bikas Bank informed ShareSansar that the allotment will take place on July 14, and that it will be allotted proportionately.

The development bank floated its IPO worth Rs 8 crore on June 4, and was closed on June 9 with oversubscription of about 15 times.