Laxmi Bank likely to offers 25% right shares along with15% bonus shares

Laxmi Bank Limited has decided to offer 25 percent right shares, besides 15 percent bonus shares it had pledged to the shareholders from the net profit it posted in the last fiscal year 2069/70.

A meeting of the Board of Directors of the commercial bank held today took the decision also to offer the right shares so as to raise its paid-up capital, a highly placed source privy of the development told.

Century Commercial Bank IPO allotted @ 7.95 & 3.09%; View Online Results

The Initial Public Offering (IPO) worth Rs 92 crore issued by Century Commercial Bank Limited has been allotted today at the office of the commercial bank at Putalisadak in Kathmandu.

The IPO was allotted at 10:00 AM at 7.90percent to retail investors who had applied up to Rs 50,000 and at  just 3.09 percent to big investors.

This means that the smaller investors have benefitted more from the allotment as has been the policy of the regulator and the key stakeholders in the market.

The allotment model was designed in such way also because there were more applicants who applied for more than Rs 50,000.

Century Commercial Bank IPO allotment: 7.9% to small group, 3.09% to big ones; upto Rs 12k in lottery

The Initial Public Offering (IPO) worth Rs 92 crore issued by Century Commercial Bank Limited will be allotted on March 3 at the office of the commercial bank in Kathmandu, according to highly placed sources privy of the development.

The reliable sources also informed that the IPO allotment model is such that the IPO will be allotted at an impressive 7.90percent to retail investors who had applied up to Rs 50,00 and at  just 3.09 percent to big investors.