Lumbini Bikas Bank allots 10:1 right shares; Nearly 30% shares unsubscribed

Lumbini Bikas Bank has allotted 10:1 right shares on 22nd Chaitra, 2074. 

The company had issued 20,08,878.47 unit shares at a ratio 10:1 to the eligible shareholders. Out of the total quantity company has allotted 14,07,553 units shares to 18,792 valid applicants. This accounts for nearly 70% of the issued shares. The remaining 30% will soon be auctioned among general public. 

Prabhu Capital was the issue manager for the issue. Lumbini Bikash Bank Ltd. had issuing right shares in the ratio of 10:1 from 11^th magh.