Market Watch, Stock News

Vibor Bank IPO Results – Slip return from 07 Aug 09

Published by Octron on August 2, 2009

Refund

Share Slip Distribution & Refund for unalloted applications will start from 07 Aug, 2009 (23 Shrawan 2066). Please collect the slips from the collection centers where you had submited the application.

IPO Result (Check Online)

VIBOR IPO Result check online (Courtesy NMB Bank)
VIBOR IPO Result check online (Courtesy Nepal Share Market (Jamb))

Allotment Model

UPDATE (10:30 AM): There is high chance for getting alloted for Vibor bank. Even applicants who have applied for 50 units are being alloted 20 units. So, this one is pretty huge for the applicants. We are trying to get hold of Result from NMB. Will publish it as soon as we get it. That could be anytime soon.

UPDATE (10:00 AM): The Allotment procedure completed. Allotment model is published now.

Click here for ALLOTMENT MODEL !

UPDATE (9:45 AM): The Allotment model was given, it looks like there is high chance for everyone to get alloted at least 10 units. So, good luck. We will soon be uploading the allotment model.

UPDATE (9:25 AM): The function has started with the welcome speech. People have dramatically increased in the hall. Maybe people got the tip regarding the IPO Result.

One day late from the approximated date, Vibor Bank will be publishing the IPO result today. NMB, the issue manager, along with the Vibor Bank authoratives have just arrived at Hotel Annapurna, Durbar Marg. They are planning to reveal the result today. The people have just started flowing in, as many of applicants have no idea of it.

We request all the applicants to come to this function in order to stop any kind of foul play.

The Bank IPO was oversubscribed nearly 5 times. Vibor Bikas Bank Ltd issued 26,52,000 shares as initial public offering from 10th june 2009 (2066 Jestha 27th). Vibor Bikas Bank Limited (VIBOR), a national level category B financial institution licensed from Nepal Rastra Bank (the central bank of Nepal), commenced its operation from October 4, 2007. VIBOR is promoted by non-interfering, trusting, and open-minded 135 people coming from diverse background. Collectively, the promoters hold 61 percent of the total capital of Rs. 680 million. However, no individual promoter holds more than 3%, the average shareholding is 0.45% and the standard deviation 0.46%. Remaining 39% will be sold to general public.

Vibor IPO already got into trouble when a magazine published an article claiming the number of applications were increased dramatically post IPO submission date. After Sunrise IPO result, whose results weren’t random enough, people are eagerly watching for this result.

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