Kathmandu. Crest Micro Life Insurance’s IPO has been allotted today.
The IPO of Crest Micro Life was allotted at 8:30 am at the office of the securities sales manager NIMB S Capital. The company had sold the IPO to the public from Falgun 22 to 26.
The company had opened the sale of a total of 18 lakh 45 thousand shares at a face value of Rs 100. In this IPO, 19 lakh 65 thousand 811 people had applied for the purchase of 2 crore 27 lakh 39 thousand 650 shares. Out of which, 154,880 units submitted by 10,126 applicants have been cancelled, while 22,284,770 units submitted by the remaining 1,955,685 applicants have been accepted.
Due to the oversubscription, Crest Micro Life’s IPO has also been distributed through a lottery. Of which 184,500 lucky applicants have received shares at the rate of 10 units. Of the accepted applicants, 17,71,185 applicants have been left empty-handed.
The final results of this IPO will be made public shortly. The final results can be viewed on the websites of the securities sales manager and the IPO issuing company, as well as CDSC’s Mero Share and iporesult.cdsc.com.np.
