First Business News Portal in English from Nepal
KATHMANDU: The IPO allotment of Nepal Infrastructure Bank Limited has concluded today.
As per the allotment module, a total of 14,75,008 valid applicants have been allotted 10 units to 50 units as per applied units and the lucky 4,92,072 applicants were allotted 10 units extra through lottery.
Out of the offered 8,00,00,000 units, 0.20% of the total offered shares to the general public i.e. 1,60,000 units were set aside for the employees of the company and 5% for mutual funds. The remaining 7,58,40,000 units were for the general public.
The issue had received applications from 14,75,008 valid applicants who had applied for a total of 16,72,10,000 units. The issue was oversubscribed more than 2.21 times.
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