IPO shares allocated through lottery; public offering to follow local distribution.
Bungal Hydro Limited has completed the allocation of its IPO shares issued specifically for Nepali workers abroad. According to the issue manager, Himalayan Capital, shares were distributed on Saun 26 through a lottery system among applicants who applied correctly.
The company had issued a total of 2,07,500 shares to this group starting from Asar 29. The IPO allocated to project-affected locals has already been closed. Following the local distribution, the company plans to issue shares to the general public.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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