The initial public offering (IPO) issued by Nepal Development and Employnment Promotion Bank (NDEP) worth 1280000 shares amounted to Rs. 128 million has allotted on 22 May , 2008. NDEP had stated that the share was over-subscribed by 66 times with total 85588000 shares worth Rs. 8.5588 billion. But the allotment process has been questioned against the fake use of citizenship number. The inspection of the issue of NDEP share was also questioned by SEBON to the entire collection centers and issue manager, ACE Development Bank. Investors are still unaware about the procedure how the share is allotted.
Click Here to Download the Allotment Sheet
Source: Jamb News Service
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