Daramkhola Hydro Energy’s IPO allotment, How to Check IPO Result ? – Bajarko Chirfar English
Daramkhola Hydro Energy Limited’s IPO allotment is scheduled for tomorrow, Shrawan 29, 2082 B.S., with over 2.37 million applicants competing for a highly oversubscribed IPO.
Daramkhola Hydro Energy Limited has finalized the allotment date for its IPO. According to the issue manager, Laxmi Sunrise Capital, the allotment will take place on Thursday, Shrawan 29, 2082 B.S. In total, 2,372,926 applicants applied for 28,252,150 shares worth NPR 2.8252 billion, making the IPO oversubscribed by 11.5 times. From this, approximately 2.13 million applicants are expected to be unsuccessful. A total of 242,318 applicants will receive 10 shares each, while five applicants will receive an additional share, totaling 11 shares each.
The company received approval from the Nepal Securities Board to issue 3,950,000 shares. In the first phase, project-affected individuals have already been allocated 1,030,500 shares, and Nepalis working abroad received 291,150 shares. The remaining 2,423,185 shares will be available to the general public, with certain shares reserved for collective investment funds and company employees.
Daramkhola Hydro Energy’s IPO has been assigned an IRN BB- (Double B Minus) rating, indicating an average risk level. Applicants can check the IPO allotment results through || LS Capital Limited, the CDSC IPO Result Portal (iporesult.cdsc.com.np), or their Mero Share (meroshare.cdsc.com.np). To view the results, applicants must enter their DP ID and other required details.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
