Reliable Microfinance Bittiya Sanstha IPO allotment - View Online IPO Results

Lamjung based--Reliable Microfinance Bittiya Sanstha Limited has concluded its IPO allotment yesterday at 5:00 PM at the premises of its issue manager Civil Capital Market Limited at Kamaladi, Kathmandu.

Reliable Microfinance had floated 1, 50,000 unit shares as part of its initial public offering (IPO). The offer closed on Ashad 25, 2072.

Since the allotment took place through lottery, all allottee were eligible for a minimum of 10 unit shares.

Given the high number of applicants, allocation on pro rata basis was not possible so the allotment was made through lottery system. Allotment of all applicants from minimum Rs 5,000 to maximum Rs 1,00,000 amount investors were decided through lottery.

Of the total 45,246 applicants only 13,995 investors got the shares.- SSN

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