Kathmandu. The IPO of Shikhar Power Development has been allotted. Global IME Capital, the company’s initial public offering (IPO) has been issued at the office of Global IME Capital, the issue manager for the IPO issuance.
Shikhar Power had opened its IPO to the general public from March 1 to March 10. The company had issued a total of 1,842,600 units of shares at a face value of Rs 100 to the general public.
According to Global IME Capital, a total of 2,88,16,990 units of shares were sought from 2,687,347 applicants in the IPO. Out of the total 2,650,847 applicants, 2,83,94,790 units of shares have been approved. The remaining 4,22,200 units of shares sought from 36,500 applicants have been cancelled.
The IPO has been allotted through a lottery because of the number of applications exceeding the demand. Out of which 1,84,260 applicants got 10 units of shares. In this way, 24,66,587 applicants have been left empty-handed.
The final results of the IPO will be announced shortly. The results can be seen on the website of Global IME Capital as well as on CDSC’s My Shares and iporesult.cdsc.com.np.
