Kalika and Sanima Mai IPO allotment slips and cash refund underway

ShareSansar, November 10:

Kalika Micro Credit Development Bank Limited and Sanima Mai Hydropower Company Limited are distributing the allotment slip of their IPOs to the allottees and cash refund to those do did not get the scrip from today.

The allotment of IPO equity shares of both Kalika Micro Credit and  Sanima Mai had taken place on November 1.

As 56.02 percent of the applicants for Kailika were from the small group, the allotment was made flatly at 1.647 percent, and the applications for up to 550 units were put to lottery.

The 2 lakh unit of the IPO was oversubscribed by 60.699 percent, the issue manager NMB officials informed during the allotment held at NMB Capital Limited’s Office in the morning.

Of the total 23, 458 applications, excluding 32 applications from the staff, only 23,258 applications were valid.

The total number of valid small investors stood at 21,770, and the big investors at 1,515.

In so far as Sanima Mai is concerned, as less than 40 percent of the applicants were from the small group, the allotment was made at 3.65 percent for small investors, and 2.97 percent for the big investors.

Likewise, the applications for up to 240 units were put to lottery as minimum required 10 units had to be allotted to the allottees from the smaller group.

The 21.1 lakh unit of the IPO was oversubscribed by 31 times, the issue manager NIDC informed during the allotment held at Sanima Mai’s office at Naxal today afternoon.

Of the total 66,333 applications, only 65,752 applications were valid, which included 48,559 were from the small investors.