Century Commercial Bank Ltd., the last commercial bank to go for public offering has allotted the 8,280,000 units of share to general public. On 9 Jan, 2014 it has issued 92,00,000 units of ordinary share to general public where 460,000 units of share has been reserved to mutual funds and staffs respectively.
As per the allotment model, bank has allotted 7.9% share to small investors and 3.09% to big investors. SEBON has classified investment up to Rs 50,000 as small investor and exceeding the amount as big investor. Investment up to the limit of Rs 12000 has been carried out in lottery system. As per the model, 50 to 130 units will receive 10 units of share and exceeding 130 units in the round of 10 units will receive additional one unit.
The initial public offering of this bank was over-subscribed by 24.48 times which has been graded as Grade 4+ by ICRANP. The detail allotment model of Century Commercial Bank Ltd can be reached from below mentioned link.
010860 how many shares for me?
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