Kathmandu. The IPO of Kalinchowk Hydropower has been allotted. The IPO of the company has been allotted at the office of RBB Merchant Banking, the issue manager of the company.
Shikhar Power had opened the IPO to the general public from April 22 to April 25. The company is issuing a total of 6,84,750 units of shares at a face value of Rs 100 to the general public.
According to the issue manager, a total of 27,84,519 applications were received for the IPO. Out of them, 2,635,634 applicants had sought 2,91,82,640 units of shares.
The IPO has been allotted through a lottery because of the number of applications exceeding the demand. Out of which 68,475 applicants got 10 units of shares. In this way, out of the total number of applications, 25,67,159 applicants are empty-handed.
The final results of the IPO will be announced shortly. The result is the website of the securities sales manager RBB Merchant, as well as CDSC’s My Shares and Volatility. Amaqa. Yes. It can be seen in Lough.
