NIBL Capital refunding money to non-allottees of United Modi Hydropower from today; direct transfer to 16 BFIs

NIBL Capital Markets Limited, the issue manager of IPO for United Modi Hydropower Limited is refunding excess money to the non-allottees from today. Applicants who have mentioned the accounts of the following Banks and Financial Institutions (BFIs) are to get their excess money transferred directly to their respective accounts. Direct Transfer BFI List: Commercial Banks:

1. Nepal Investment Bank Limited
2. Kumari Bank Limited
3. NIC Asia Bank Limited
4. Machhapuchchhre Bank Limited
5. Global IME Bank Limited
6. Sanima Bank Limited
7. Sunrise Bank Limited
8. Prime Commercial Bank Limited
9. Prabhu Bank Limited
10. NMB Bank Limited
11. Everest Bank Limited

Development Banks:

1. Ace Development Bank Limited
2. Deva Bikas Bank Limited

Finance Companies:

1. Goodwill Finance Limited
2. ICFC Finance Limited
3. Guheshwori Merchant Banking and Finance Limited

Other applicants should visit their respective collection centers along with the application slip and copy of citizenship certificate to collect the refund warrants. Letter of authority with photocopy of citizenship certificate is compulsory if the applicants cannot be self-present to collect their refunds. United Modi Hydropower Limited had allotted 17.25 lakh units IPO shares on Chaitra 31, 2073. Out of the total 95,871 valid applicants, 65,508 investors were allotted a minimum of 10 units and a maximum of 337 units shares. Allotment for small investors who had applied from Rs 5,000 (or 50 units ) to Rs 33,000 (or 330 units) were decided through lottery. Retail investors who had applied from Rs 34,000 (or 340 units) till Rs 50,000 (or 500 units) were allotted 2.80% on pro-rata basis. Other investors who had applied for more than 500 units were allotted 2.24% on pro-rata basis. Individual results can be checked at ShareSansar’s IPO Result section and the allotment module can be viewed here.