Kathmandu, March 4
Century Commercial Bank Ltd., the last commercial bank to go for public offering has allotted the 8,280,000 units of shares to general public. The IPO allottement was done at 10:00 AM today.
On 9 Jan, 2014 it has issued 92,00,000 units of
ordinary share to general public where 460,000 units of share has been reserved
to mutual funds and staffs respectively.
As per the allotment model, bank has allotted
7.9% share to small investors and 3.09% to big investors. SEBON has classified
investment up to Rs 50,000 as small investor and exceeding the
amount as big investor.
amount as big investor.
Investment up to the limit of Rs 12000 has
been carried out in lottery system. As per the model, 50 to 130 units will
receive 10 units of share and exceeding 130 units in the round of 10 units will
receive additional one unit.
The initial public offering of this bank was
over-subscribed by 24.48 times which has been graded as Grade 4+ by
ICRANP.
The detail allotment model of Century Commercial
Bank Ltd can be reached from below mentioned link.
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