Sajha Bikas IPO allotment concludes; Up to Rs 12,000 thru lottery, above that 7% shares
Wed, Jul 15, 2015 12:00 AM on Share Allotment,
ShareSansar, July 15:
Sajha Bikas Bank Limited has concluded its IPO allotment today at the premises of issue manager NIBL Capital Markets Limited at Lazimpat, Kathmandu at 8:30 AM. ShareSansar has published the full IPO result on its website. Also, for the first time in Nepal investors can see the result of IPO through SMS, applicants need to type SBB (space) Application number and send the message to 2200 to get the result.
Allotment for investors who had applied from 5,000 or 50 units to 12,000 or 120 units shares was decided through lottery. Rs 50 thousand investors allotted 35 units or 7.6% shares, Likewise Rs 5 lakh investors allotted 354 units or 7.08% shares.
Sajha Bikas Bank had floated 4, 90,000 unit shares as part of its initial public offering (IPO). The offer closed on Jestha 24, 2072.
Of the total 455,700 shares set aside for public, 40% or 182,280 shares, were put aside for retail investors and 60% or 2,73,420 shares, under “other investor” category. Retail investors applied for a total of 3,056,970 unit shares and those in the others category demanded 3,380,060 kittas.
The shares set aside for retail investors was oversubscribed 16.77 times and those set aside under other category were oversubscribed 12.36 times.
Of the total 16,952 applicants’s only 12,829 investors got the shares.
Small Investors applying for shares worth Rs 13,000 to Rs 50,000 have been allotted 7 to 7.6% of the total applied amount.
Big investors recognized here as those applying for shares worth more than Rs 51,000 to Rs 5, 00,000 have been allotted 7.05 to 7.08% shares.
There were only 2 invalid applicants. Altogether 39 staffs were allotted 9,800 units and four mutual fund companies were given 24,500 unit shares.
The bank has set aside 9,800 unit shares for its employees and 24500 units for mutual funds, out of which 6,125 units have been allocated to Nabil Balance Fund – 1, 2021 units for Siddhartha Investment Growth Scheme -1, 4,104 units for Siddhartha Equity Oriented Scheme, and 6,125 units each for Laxmi Value Fund – 1 and NIBL Sambriddhi Fund -1.
The bank reported a loss of Rs 1.41 crore in the fiscal year 2070/71. The bank had amassed Rs 29.27 crore in deposits during the same period. The bank's net worth per share stood at Rs 60.32.
Click Here For IPO Result of Sajha Bikas Bank Limited
