KATHMANDU: The IPO allotment of Nepal Infrastructure Bank Ltd has concluded today at the premise of issue manager NIBL Ace Capital.
The bank has issued 80,000,000 units of IPO to the general public.
According to NIBL Ace Capital, 0.20% of the total offered shares to the general public i.e. 160,000 units were set aside for the employees of the company and 5% for mutual funds. The remaining 75,840,000 units were for the general public.
The issue had received applications from 1,475,008 valid applicants who had applied for a total of 167,210,000 units. The issue was oversubscribed more than 2.21 times.
As per the allotment module, a total of 1,475,008 valid applicants have been allotted 10 units to 50 units as per applied units and the lucky 492,072 applicants were allotted 10 units extra through lottery.
IPO allotment:
34,030 applicants = 10 units
29,854 applicants = 20 units
20,248 applicants = 30 units
16,934 applicants = 40 units
179,938 applicants = 50 units
1,194,004 applicants = 50 units
492,072 applicants = Extra 10 units received via second lottery
In total 6,276 applicants who applied for 595,440 units were disqualified.
