IPO Allotment of Sworojgar Laghu Bitta Bikas Bank Limited
Wed, Apr 3, 2013 12:00 AM on Share Allotment,
Sworojgar Laghu Bitta Bikas Bank Limited has successfully allotted its 47,100 kitta Ordinary Share today at the allotment function organized at NMB Capital Limited, Babarmahal, Kathmandu. Out of the 47,100 kitta allotted to the 1,997 applicants; 1,413 kitta were allotted to the company staffs and remaining 45,687 kitta were allotted to the 1,949 general public investors.
Altogether, 2,724 applicants have applied for 5,16,390 kitta; out of which small investors (applicants applying less than or equal to 500 kitta) numbering 2,590 applicants have applied for 3,64,810 kitta got 11.30% of their investment; on the other hand big investors (applicants applying more than 500 kitta) were 81 applicants who have applied for 1,51,580 kitta also got 11.30% of their overall investment.
An allotment of 50, 60, 70, 80, 90 and 100 kitta module was conducted as per the lottery system. And each allottee applicant under the mentioned investment band were allotted 10 kitta each on their investment. Overall, 727 applicants were left unlucky who did not get any kitta on their investment due to the lottery system.
As per the SEBON IPO allotment directives, small investors provide 40% of the overall issue whereas big investors get 60% of the total issue amount.
As per the company, there were 5 applicants whose 250 kitta got invalid. And the number of staff applicants stands 48 in total.
Earlier, the company have closed its IPO issue on 18th Falgun 2069 with an overwhelming response from the general public with issue oversubscribed by more than 11 times. Sworojgar Laghu Bitta Bikas Bank Limited has appointed NMB Capital Limited as its issue manger to manage the IPO.
