Aarambha Microfinance IPO Allotment Result in Less than 2 Days, Check Yours Now !

IPO RESULT

Aarambha Microfinance Bittiya Sanstha Limited (AMBSL) has concluded its allotment of 2,94,000 unit initial public offering (IPO) shares within 36 hours of closing of the issue amidst a press meet organized by CDS and Clearing Limited of the successful implementation of C-ASBA.

The IPO was issued to the public just a week ago starting from last Tuesday 27th February to this Monday 5th March 2018 (15th to 21st Falgun 2074). The allotment period has been reduced to a mere few days due to the full implementation of Centralized Applications Supported by Blocked Amount (C-ASBA) by Central Depository System, proving it a historical mark in the stock market of Nepal.

According to NIC Asia Capital Limited, the issue manager for the IPO of the microfinance, out of the total 1,88,048 IPO share applicants, only 27,048 applicants are allotted the mandatory 10 unit shares through the lottery system, leaving the remaining 1,61,000 empty handed.

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Unnati Microfinance (UMBSL) IPO Result Out, Check Online if You're Lucky!

IPO RESULT

Unnati Microfinance Bittiya Sanstha Limited (UMBSL) has allocated its 1,65,000 units Initial Public Offering (IPO) shares worth Rs 16.5 million (Rs. 1.65 crores) today Friday morning at 8:30 AM in the office premises of Siddhartha Capital Limited, its issue manager, in Narayanchaur, Naxal, Kathmandu. Out of 2,44,427 valid applicants, only 15,015 (6%) applicants have been allotted with a minimum of 10 unit mandatory shares through the lottery system. The issue totals 1,50,150 unit shares worth of Rs 15 million (Rs 1.50 crores) and collected more than Rs 786.4 millions (Rs 78.64 crores). Likewise, 101 staffs of the microfinance company were allotted 6,600 units and 12 mutual fund schemes were allotted 8,250 units shares.

Of the total 2,46,894 applications, there were 2,467 applicants that were canceled due to various mistakes in double applications, Demat account numbers and more or less than the mentioned kittas. Given that the IPO was oversubscribed by 52.38 times, a total of 2,29,412 (94%) eligible applicants were left empty handed. The IPO was issued for four banking days about a month ago from Friday 5th January 2018 till Tuesday 9th January 2018 (21 to 25 Paush 2074) at the par value of Rs 100.

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Select Company: Unnati Microfinance Bittiya Sanstha Limited Premier Insurance Company Limited Radhi Bidyut Company

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Premier Insurance (PIC) FPO Result Out, Check Online if You're Lucky!

Premier Insurance Company Nepal Limited (PIC) has allocated its 6,59,565 units Further Public Offering (FPO) shares worth Rs 526.9 million (Rs. 52.69 crores) today Thursday morning  at 9:00 AM in the premises of the insurance company's head office in Naxal, Kathmandu. According to NMB Capital Limited, the issue manager of the FPO, out of 1,86,475 valid applicants, only 65,951 applicants have been allotted with a minimum of 10 unit mandatory shares through the lottery system and 5 lucky applicants have been allotted with 11 unit shares.

Of the total 1,89,321 applications, there were 2,846 applicants that were canceled due to double applications, mistakes in Demat account numbers and applications made for more or less than mentioned kittas. Nearly 123,370 applicants were unable to receive the FPO. The FPO was issued about a month ago from Sunday 31st December 2017 to Wednesday 3rd January 2018 (16 to 19 Paush 2074) at Rs 799 per unit including Rs 699 premium added to the par value of Rs 100.

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Radhi Bidyut Company Limited (RBCLL) IPO Result, Check if You're Lucky!

Radhi Bidyut Company Limited (RBCLL) has allocated its 7,64,550 units Initial Public Offering (IPO) shares worth Rs 76.4 million (Rs. 7.64 crores) today Wednesday morning inside Nabil Investment Banking premises in Naxal, Kathmandu at 9:00 AM. According to Nabil Investment Banking Limited, the issue manager of the IPO, out of 1,64,990 valid applicants, only 71,102 applicants were provided a minimum of 10 unit mandatory shares through the lottery system and one lucky applicant was allotted with 11 unit shares.

Of the total 1,66,317 applications, 1,327 were canceled due to double application, mistakes in Demat account number and application made for more or less than mentioned kitta. Nearly 95,214 applicants were unable to receive the IPO. Also, mutual funds were allotted with 38,228 unit (5%) shares and staffs of the company were allotted with 15,291 unit (2%) shares. The remaining 711,031 units (93%) were issued to the general public.

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