Kathmandu. Solu Hydropower Limited IPO has been allotted. Nabil Investment, the issue manager of the company, has allotted the IPO this afternoon.
The company had issued 8.2 million units of shares to the general public from January 19 to January 17. A total of 25.36 lakh people had applied for the auction. Out of which, only 24,71,007 applications have been eligible.
The IPO has been allotted through lottery as the number of applications has exceeded the demand. Accordingly, 8,20,000 applicants have got 10 units of shares of the company while the rest of the applicants have been left empty-handed.
The results of the IPO will be published later. After the results are published, the website created by CDS & Clearing to check the result is https://iporesult.cdsc.com.np/
Sales manager’s website }https://nabilinvest.com.np/
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Results can be seen from my shares from https://meroshare.cdsc.com.np/#/login .
The company has completed the construction of 82 MW Lower Solu Hydropower Project in Solukhumbu and started commercial production from August 9, 2082. Solu Hydropower Limited is a subsidiary of Triveni Group. Triveni Group, Vishal Group, Goyal Group, Rathi Group, Vidya Group and Jain Group have invested in this company.
