Century Bank Distributing Allotment Slips &Refund the non- allottees from today
Five days after allotting the Initial Public
Offering (IPO) worth Rs 92 crore, Century Commercial Bank Limited has started
distributing allotment slips and refund the non-allottees from today.
The IPO was allotted on March 4 at the head office of the commercial bank in Kathmandu at 7.90 percent to retail investors who had applied up to Rs 50,000 and 3.09 percent to big investors.
However, those who had applied for up to Rs 12,000 had fallen under lottery.
The allotment advice and the refund can be collected from the respective centers where the applicants had filed their IPO application firms.
The IPO, which was issued from January 9 to January 13, was oversubscribed by 24.48 times.
Century’s IPO was one of the most expected events in the stock market not just because of its sheer volume but also because it is the last IPO to be issued by any commercial bank of the country.
The IPO was allotted on March 4 at the head office of the commercial bank in Kathmandu at 7.90 percent to retail investors who had applied up to Rs 50,000 and 3.09 percent to big investors.
However, those who had applied for up to Rs 12,000 had fallen under lottery.
The allotment advice and the refund can be collected from the respective centers where the applicants had filed their IPO application firms.
The IPO, which was issued from January 9 to January 13, was oversubscribed by 24.48 times.
Century’s IPO was one of the most expected events in the stock market not just because of its sheer volume but also because it is the last IPO to be issued by any commercial bank of the country.
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