Bungal Hydro Limited’s IPO allocation has been completed. The allocation was carried out this morning at the office of the company’s share issuance and sales manager, Himalayan Capital.
The company had issued 17,01,500 ordinary shares with a face value of NRs 100 per share, amounting to NRs 17.15 crore, for the general public from Bhadra 16 to 19. A total of 21,75,888 applicants applied for 2,37,38,910 shares. Among these, 32,638 applications were rejected, while 21,43,250 applications were approved.
As the number of applications exceeded the available shares, the allocation was carried out through a lottery process. Ultimately, 1,70,150 applicants received shares at a rate of 10 shares per applicant.
How to Check the Bungal Hydropower IPO Result
Investors can check their IPO allotment using the following methods:
Applicants will need to enter their DP ID and other relevant details to view the result.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
