74,400 people got 10 lots IPO Share of Buddhabhumi Nepal Hydropower

Oct Fri 2021 11:43:47

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74,400 people got 10 lots IPO Share of Buddhabhumi Nepal Hydropower

Kathmandu. Buddhabhumi Nepal Hydropower Company's IPO has been allotted. The IPO issue and sale manager of the company, Civil Capital, was allotted at 10.30 am. In the IPO, 2 million 30 thousand 955 applicants had applied for 24.4 million 370 shares. Of these, 16,033 applications have been rejected, according to Capital.

Out of the remaining 2 million 14 thousand 922 eligible applicants, 74 thousand 400 people have received shares at the rate of 10 lots through round robin. The company has issued 800,000 IPOs from September 29 to October 30. Out of the total lots, 2 percent or 16,000 lots have been set aside for employees, 5 percent or 40,000 lots have been set aside for collective investment funds and the remaining 744,000 lots have been issued to the public for IPO.