IPO Result of Manakamana Development Bank Check Online or Download
Published by Octron on April 21, 2010
Manakamana Development Bank Ltd. allotted its IPO offering today to 104,095 applicants including 56 employees of the bank where 313 applicants were disqualified. IPO of the bank was issued on 25 Feb to 2 March with a face value of Rs 100 per share. The allotment was made on the 50th day of issue closing.
According to SEBON provision on IPO allotment, there is minimum of 40 days and maximum of 70 days to allot the public issue after the closing date. Companies have to allot within 40 days after IPO closing if the number of application is less than 100000. Likewise, if application is between 100000-200000 allotment within 50 days, 200000-300000 within 60 days and if the number of application exceeds 300000, maximum days of allotment will be 70 days.
NIDC capital markets ltd. is the issue manager of Manakamana Development Bank Ltd.