Sunrise Bank Share Allotment Result

The general shares of Sunrise Bank Ltd. has been allotted on 9th July 2009 (2066 Ashad 25). To check your allotment, follow this link (http://nmb.com.np/sunrise/index.php) (ie From NMB Bank's Site)

As specified by the Bank, you can also access the share allotment information by:

Following the procedure below to get the SHARE ALLOTMENT RESULT through SMS.
1. Type SUNRISE [valid application number],
eg. SUNRISE 12345

2. Send to 7676
3. You'll receive the respective notification.

Download Alternative 1: DOWNLOAD SHARE ALLOTMENT RESULT [XLS File:2007 Compatible]

Download Alternative 2: DOWNLOAD SHARE ALLOTMENT RESULT [XLS File:2007 Compatible] (While download find "Save file to your PC: click here" in the bottom of the page)

[ Note: In order to search, you can type Ctrl+F. You can search through your application number or name. ]

NMB allots shares of Sunrise Bank
NMB Bank Ltd allotted the shares of Sunrise Bank Ltd on Thursday. Sunrise Bank had received a total of 3,44,526 applications — including 295 by staff of the bank — for 10,03,19,959-unit shares. Of the total applications, 4,657 applications were rejected as the applicants had not filled the forms completely. “Applicants, who have not filled in their grandfather’s names, account number — and anything other factor that is mandatory or missed the signature ares — are disqualified,” said the issue manager.
According to the IPOs Regulation, an applicant must fill the bank account number as the money would be returned through banks by account payee cheque.

A total of 89,149 public applicants including 295 Sunrise Bank staff got the shares that were floated from May 3-6.

Though some investors blamed the issue manager for mishandling the primary issue, NMB Bank allotted the primary shares on the 64th day — six days ahead of closing time. According to the Securities Board of Nepal (Sebon) regulation, the issue manager can allot Initial Public Offerings (IPOs) within 70 days of the closure of the issue, if applications cross the 3,00,001 mark.

Sunrise Bank received 3,44,821 applications worth a little over Rs 10 billion for its 37,50,000-unit shares with a face value of Rs 100 per unit.

Aplicants, who asked for 50-unit shares got 10-unit shares while those who asked for 17,010 to 20,000-unit shares were allotted 700-unit shares of the bank.(Source: eKantipur)

Here is the summary of IPO applicants & alloted numbers. Plus the table below is the allotment model followed by NMB to allot the Sunrise Bank Shares. Due to high oversubscription the allotment model has been changed bit with many intervals, Min: 10 shares (Applied: 50 - 80) & MAX: 700 (Applied: 17,010 - 20,000).

	No. of Applicant	Applied stocks	Applicant alloted(No)	Total stocks allotted
Valid Applicant	3,39,574	9,89,58,860	88,854	35,62,500
Staff Applicant	295	1,87,500	295	1,87,500
Disqualified Applicant	4,657	11,73,599
Total	3,44,526	10,03,19,959

Following is the allotment model followed while alloting Sunrise Bank IPO.

Allotment Model
Applied shares	50 - 80	90 - 110	120-190	200-240	250-300	310-390
Allotted shares	10	20	30	40	50	50
Applied shares	400-460	470-500	510-600	610-1000	1010-1090	1100-1490
Allotted shares	60	70	80	100	120	140
Applied shares	1500-2000	2010-3000	3010-5000	5010-8000	8010-11000	11010-17000
Allotted shares	160	220	300	400	500	600
Applied shares	17010- 20000
Allotted shares	700