KATHMANDU, Oct 6: The allotment of Initial Public Offering of General Insurance Company Ltd has been completed with 273,000 applicants receiving 10 units of primary shares each.
The remaining 521,546 investors who subscribed to the offering did not receive any shares of the non-life insurance company.
273,000 investors receive 10 unit shares each of Sanima General...
The issue manager of the General Insurance Company Ltd allotted the primary shares through a lottery on Tuesday after the public offering was oversubscribed by over seven times.
Out of three million ordinary shares allocated for the public to collect Rs 300 million, 2.73 million units was allotted for the public while the remaining shares were provisioned for staff and mutual funds.
Out of the 2.73 million units of shares for the public, the IPO drew 794,546 valid applicants applying 21.41 million units of shares.
