SY Panel Nepal Limited will conduct its IPO allotment today, with the process set to begin at 11:30 AM, according to issue manager Prabhu Capital.
SY Panel Nepal Limited is set to conduct the allotment of its recently issued IPO for the general public today (Kartik 30, Sunday). According to Prabhu Capital Limited, the allotment process is scheduled to begin at 11:30 AM.
As of the final application day on Kartik 23, a total of 21,29,715 applicants had applied for 2,46,32,630 shares, which is six times more than the number of shares issued. Since the IPO was oversubscribed, allotment will be carried out through a lottery (golapartha).
The company had opened 40,76,156 shares for the general public from Kartik 19 to 23. Before this round, the company had already completed the issuance and allotment of IPO shares to project-affected locals and Nepali citizens working abroad.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
