NMB (Nepal Merchant Bank) today released the IPO share allotment result for Vibor Bikash Bank limited after releasing IPO result for crystal finance few days ago. In the function organized in Hotel Del’ Annapurna, Durbar Marg, Kathmandu, the bank officials released the Initial Public Offering allotment result for Vibor Development Bank’s shares.

According to the initial reports, large number of people has been allotted for Vibor Bank’s share. People, who have applied for 50 kittas of share priced Rs. 100 each, have been allotted 20 kittas. This is quite good result for an IPO applied by the number exceeding 5 times the required number.

Many people are watching this result closely after the unsatisfactory and controversial result release of Sunrise Bank Ltd a month ago. However, it seems like everything okay this time. But, the dramatic rise in number of applications after the final date of application submission proves that even this IPO result is not as pure as should have been.

Check Result
If you have applied for a share, you can check a result through SMS service by sending SMS to 7676 in this format: VIP<space>Application Number. And, if you want to check a result online, you can do it at a NMB website here: http://nmb.com.np/vibor/index.php.