All the Initial Public Offerings (IPOS) floated by Vibor Bikas Bank Limited have been over subscribed by Thursday, according to its issue manager NMB Bank Limited.
Vibor, which announced IPOS on Wednesday, has issued 2.65 million ordinary shares worth Rs. 265 million. NMB said the issuance of shares will be closed on Saturday.
According to Samir Chhetri, chief of investment banking department at NMB, the shares worth Rs. 138 million were subscribed on Wednesday, while Thursday saw shares worth more than Rs. 140 million subscribed.
"We are yet to get reports from 10 collection centres about the progress on Thursday," Chhetri told the Post on Thursday evening. There are 39 collection centres for share applications. More than 22,000 people have subscribed Vibor shares so far, according to Chhetri.
Source: Ekantipur
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Friday, June 12, 2009
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