RMDC concludes share allotment 12.15% for small investors, 6.88% for big investors, up to 70 units through lottery  

ShareSansar, Aug 15:

Allotment of shares of Rural Microfinance Development Centre IPO took place at 9:00 AM in the Trade tower, Thapathali today.

Small investors got shares worth 12.15% of their investment, whereas the corresponding figure for big investors was 6.88%. Those who had applied for up to 70 units were allotted shares through lottery.  

Though RMDC had issued 1,560,000 unit shares, the IPO got applications for a total of 17,429,240 units through 29,172 big and small investors.

In the retail, or small investor, category, 22,954 investors applied for a total 47,75,390 unit shares, though only 5,80,320 units were set aside for that category. The category was oversubscribed 8.2 times.

Likewise, 6,218 big investors applied for a total of 12,653,850 unit shares, though only 8,70,480 had been reserved for that category.

The equity shares were of face value NRs 100 each with a premium of Rs 80 per share for the general public and 31,200 equity shares of Rs 100 each for its employees, which is 2% of the overall issue.

The company has set aside 78,000 shares for mutual fund in total; 26,000 units each to Siddhartha Growth Scheme-1, Nabil Balance Fund-1 and Citizen Investment Trust Scheme.

For IPO Results: CLICK HERE