Friday, January 11, 2013

Civil Bank allots shares

Civil Bank has allotted its ordinary shares to the public.
The bank has distributed eight million units of ordinary shares to 57,588 subscribers based on Proportionate Securities Allotment System.
Small investors who had applied for less than 500 units received 27.09 per cent of the total amount applied for. Likewise, large investors who had applied for more than 500 units of shares were allotted 10.19 per cent of the total amount applied for based on the allotment system.
The Initial Public Offering (IPO) was oversubscribed by almost seven per cent as investors had applied for shares worth Rs 5.40 billion.
"Investors who have purchased shares during the IPO will benefit as share prices will definitely go up after the listing," pointed out CEO of the bank Kishore Maharjan. The bank earned Rs 22.7 million as net profit in the last fiscal year.
"We will list the bank at Nepal Stock Exchange (Nepse) as soon as possible," he added.
The 30th commercial bank had offered eight million units of ordinary shares at a face value of Rs 100 for the public from December 10 to 13. Citizens Investment Trust, Nabil Investment, NCM Merchant Banking and Ace Capital were the issue managers for the IPO.
Currently, more than 510 million unit shares of 27 commercial banks, with a total paid up value of over Rs 51.07 billion, are listed at Nepse that is dominated by banks and financial institutions.


Anonymous said...

I really appreciate this post. I�ve been looking all over for this!
Thank goodness I found it on Bing. You've made my day! Thanks again

My homepage online dating dating

Anonymous said...

Have you ever considered about including a little bit more
than just your articles? I mean, what you say is valuable and everything.
However just imagine if you added some great visuals or videos to give your posts more,
"pop"! Your content is excellent but with pics and clips, this site could certainly be one of the greatest in its field.
Terrific blog!

Check out my blog: adult finder