Reliable Microfinance IPO result out (details inside)

ShareSansar, Aug 19:

Lamjung based--Reliable Microfinance Bittiya Sanstha Limited has concluded its IPO allotment today at 5:00 PM at the premises of its issue manager Civil Capital Market Limited at Kamaladi, Kathmandu.

Reliable Microfinance had floated 1, 50,000 unit shares as part of its initial public offering (IPO). The offer closed on Ashad 25, 2072.

Since the allotment took place through lottery, all allottee were eligible for a minimum of 10 unit shares.

Given the high number of applicants, allocation on pro rata basis was not possible so the allotment was made through lottery system. Allotment of all applicants from minimum Rs 5,000 to maximum Rs 1,00,000 amount investors were decided through lottery.

Of the total 45,246 applicants only 13,995 investors got the shares.  

For Online Result click here (press F5 if result is not seen, also, type your name and last name to get the result; If the result shows Record not found then either you have not been allotted any shares or there is spelling mistake of your name or last name): http://www.sharesansar.com/iporesult.php

You can also check result by sending SMS. Sparrow SMS is providing IPO result through SMS. Any one if needed can SMS RMF (space) application number and then send it to 2200. For an example type: RMF (application number) and then send to 2200. The SMS would cost you Rs 3 plus taxes.