In Rapti Bheri IPO allotment, small investors get 2.53%, big ones 1.69%

ShareSansar, March 19:

NMB Capital has announced the allotment module for the IPO of Rapti Bheri Bikas Bank.

Investors applying for shares worth up to Rs 50,000 have been allotted 2.53% of the total amount, which translates into around 12 kittas of shares. Investors who have filed for the minimum 50 kitta shares to 370 kittas will be decided through lottery.

Big investors—recognized here as those applying for shares worth more than Rs 50,000 —have been allotted 1.69% shares. In the big investor segment, the fate of those applying for 510-560 kittas would be decided through lottery.

Raptibheri’s IPO was oversubscribed 51 times. The IPO garnered Rs 2 arba 37 crore and 23 lakh, which was over 51 times the money the bank was aiming to collect through the IPO. Of the total 500,054 units of the shares issued, 25,003 units had been earmarked for the mutual funds and another 10,001 for the bank staffers.

Raptibheri’s paid-up capital will rise to Rs 12.50 crore from the existing Rs 7.50 crore following the IPO. The development bank has head office in Nepalgunj (Banke district) and branches in Bardiya and Dang district.