Market Watch, Stock News

Tentative IPO Result Dates

Published by Octron on July 23, 2009

As the people are getting impatient for the IPO Results of Vibor, Prime, Crystal, Public Dev. Bank, we thought of sharing an article posted by Pratistha Bhurtel & Bikash Chaudhary (Jamb). Following are the basic rules the Issue managers must comply regarding release of IPO Results.

No. of Share application for IPO	Maximum days of allotment
Up to 100,000	40 days
100,001 to 200,000	50 days
200,001 to 300,000	60 days
300,001 and above	70 days

Following are the tentative dates for the result of IPOs;

Company	Issue manager	Issue Close	* No. of Application	Max Allotment Time	* Possible Allotment Date	Last Allotment Date
Prime Commercial Bank Ltd.	CIT	27th May `09	300000 plus	70 days	Alloted on 3rd Aug `09	5th Aug `09
Vibor Bikash Bank Ltd.	NMB	14th Jun `09	107000	50 days	ALLOTED on 2nd Aug`09	3rd Aug `09
Crystal Finance Ltd.	NMB	19th Jun `09	52000	40 days	ALLOTED on 27th Jul `09	29th Jul `09
Arun Valley Hydropower Ltd.	NMB	26th Jun `09	111000	50 days	ALLOTED on 14th Aug 09	15th Aug `09
Public Dev. Bank Ltd.	NIDC	1st Jul `09	105000	50 days	18th Aug `09	20th Aug `09