Cosmos Development Bank IPO Public issue oversubscribed by 5.7 times

The Initial Public Offering (IPO) of Cosmos Development Bank Limited, which closed yesterday, has drawn around Rs 10 crore, which means that it has been oversubscribed by 5.7 times, according to its issue manager Civil Capital Market Limited.

The development bank, which has floated 1.75 lakh unit equity shares of face value Rs 100, coinciding with the Nagbeli’s IPO on December 8. There were more than 3,500 applications -- including both small and institutional investors-- for the IPO.

Cosmos IPO closing today; has already drawn more than Rs 3 crore in three days

The Initial Public Offering (IPO) of Cosmos Development Bank Limited, which has floated 1.75 lakh unit equity shares of face value Rs 100, coinciding with the Nagbeli’s IPO, is closing today.

The Cosmos IPO had drawn more than Rs 3 crore in the first three days of the issuance, according to the issue manager, Civil Capital Market Limited.

Nagbeli Laghubitta Bikas Bank IPO oversubscribed by over 19 times in just 2 days; Cosmos Dev Bank may see 4 times oversubscription

Nagbeli Laghubitta Bikas Bank Limted, which has floated the Initial Public Offer (IPO) of 42,900 unit equity shares of Rs 100 face value from December 8, is already oversubscribed by more than 19 times.

“In the first two days alone the IPO has drawn Rs 8.3 crore,” says an official with NMB Capital Market Limited, the issue manager of the microfinance development bank. “It is likely to be oversubscribed by around 150 times if the trend continues.”

Cosmos Dev Bank IPO public stock opened ; 1.75 lakh units floated

Cosmos Development Bank Limited has floated the Initial Public Offer (IPO) of 1.75 lakh unit equity shares of face value Rs 100 from Dec 8.

The development bank has appointed Civil Capital Market Limited as its issue managers.

Altogether 3,500 units have been set aside for the bank’s staff and the rest to the general public.

The IPO closes on December 12 or could be extended till December 22. The applicants must apply for at least 50 units and up to 10,000 units.

Cosmos Development Bank IPO public shares from December 8, 2013

Cosmos Development Bank Limited has floated the Initial Public Offer (IPO) of 1.75 lakh unit equity shares of face value Rs 100 from December 8.

The development bank has appointed Civil Capital Market Limited as its issue managers.

More than half a dozen IPO shares new year as deadline to issue shares has been extended by a year

More than half a dozen financial institutions are relieved as the central bank has extended the obligatory period for them to issue shares to the public.

From now on, financial institutions can go public within three years of coming into operation, according to the recent unified directives for fiscal year 2013-14, issued by Nepal Rastra Bank (NRB).

Earlier, the obligatory period to issue shares for the public was two years of coming into operation.

At present, there are eight financial institutions that are past the two-year deadline of issuing shares